IRA Planning

2020 brought in new rules for IRAs

While they do not affect all they do affect a number of people that have done well during their life. Many individuals are concerned about how to leave these qualified tax deferred accounts to their beneficiaries. Current strategies such as a Legacy IRA may no longer be good. You need to consult your advisors to match your goals to the new rules. Alternative strategies are available.

The first step is to understand and identify what IRA you have and how it has been affected, or which one meets your goals. There are various kinds of IRAs with different rules and benefits.  There are.

                                                   The Traditional IRA


The Roth IRA

The SEP IRTA or Simplified Employee Pension 

The Rollover IRA

And now the New Savings Incentive Match IRA Plan for employees


No matter what stage of life you are in, it is never too soon to start planning for retirement, as even the small decisions you make today can have a significant impact on your future. While you might already be invested in an employer-sponsored plan, an Individual Retirement Account (IRA) allows you to save for your retirement on the side and also potentially save on taxes.

For more information Contact us

For a free no obligation conversation and see if an IRA is right for you.