Employee Benefits
IRA's
Traditional and Roth Individual Retirement Accounts (IRAs) offer individuals a tax-advantaged opportunity to save for their future needs. An investor may contribute a portion of his/her earned income. The "I" stands for individual, which is important in that these programs are arrangements individual investors make for themselves - not through an employer- sponsored flexible spending account or a payroll-deduct retirement plan.
A Traditional IRA is available to those under age 70 ½ who have earned income. Traditional IRA earnings grow tax-deferred until withdrawal. Withdrawals are required beginning at age 70 ½ and are taxed. Contributions made to this IRA may be deductible, depending on certain factors.
A Roth IRA is a nondeductible IRA introduced in 1997, through the Taxpayer Relief Act of 1997. Depending on certain income limits, taxpayers are able to save for retirement in such a way that allows the savings to grow tax- free. Taxes are paid on contributions, but qualified withdrawals are not taxed at all.
To maximize your IRA assets, consider the following:
- Choose the IRA best-suited to your needs
- Be disciplined in making your maximum annual IRA contributions
- Develop an investment strategy tailored to meet your goals and risk tolerance
- Review your asset allocation periodically to adjust your investment selections in light of current economic and market conditions or changes in your individual situation
At Wells Fargo Advisors, you'll receive a customized approach to understanding the best options for managing your IRA investments
Click on the link to download your complimentary copy of our brochure Roth IRAs
Click on the link to download your complimentary copy of our brochure Self-Directed IRA
Call 800-521-9463 for more information on the ACEC Retirement Trust.
Wells Fargo Advisors does not provide tax or legal advice. Be sure to consult with your own tax and legal advisors before taking any action that would have tax consequences.