Why should you open individual retirement account IRA today?

IRA plans were developed to encourage working Americans to save for retirement.

They are tax-deferred, meaning your capital growth is not taxed, when inside IRA. There are different types of IRA accounts, Jazurek & Co LLC specializes in Traditional IRA and ROTH IRA. We also assist in starting a College Savings Plan (529).

person counting money for saving deposit

Deposit money to IRA

Let us establish a working
strategy/budget.

Have your savings grow

You can access your online account
24/7 and see your funds grow.

Enjoy!

Access your money when you need it the most. Enjoy your retirement.

1. Almost Anyone With Earned Income Can Open Traditional IRA.

You must have earned income
You will receive tax deduction when you contribute funds
Your money grows tax-free
You pay income tax only when withdrawing money
Money cannot be accessed before 59 ½ years old without federal 10% penalty
You have to start withdrawal process at 70 ½ years old

2. Roth IRA

No immediate tax deduction
Your money grows tax-free
Tax-free distribution, no tax on withdrawal
You can leave your money growing as long as you wish

Both plans have specific rules and limitations however experienced advisor can establish the best option for every individual. Please schedule a free consultation today to learn more about available options.

It's never too early or too late to start
saving for your retirement.

3. College Saving Plan (529)

You may be able to deduct up to $5000 of your Direct Plan contributions when you file your state income taxes (NY State)

Your money grows tax-free

Tax-free distribution when used for qualified educational purposes