We understand you have unique goals and circumstances, so we offer IRAs to fit your lifestyle. We can even help rollover your existing IRA, help you get started, or find the right IRA for you.

Contact us today to learn more!

You can contribute to a Traditional IRA if you earn compensation and you will not reach age 70 1/2 by the end of the year. If you file a joint tax return, you can treat your spouse’s compensation as your own (except your combined contributions cannot exceed your combined compensation). All earnings in the Traditional IRA are not taxed until they are withdrawn. The ability to defer taxes on the earnings, and to withdraw in a year when you may be in a lower tax bracket, can mean more after-tax dollars for your retirement. See your tax advisor to determine if your contributions are tax deductible.

 

Unlike Traditional IRAs, your contributions to a Roth IRA are never tax deductible. However, the money in your Roth IRA, including earnings, can be withdrawn tax free. Of course, you must conform to the plan provisions to get this tax-free advantage. You are eligible if you earn compensation and your income is less than limits set by Congress. A single filer who has modified adjusted gross income (MAGI) up to $95,000 can make the full Roth IRA Contribution for that year. Each spouse filing a joint federal income tax return showing a MAGI up to $150,000 can make the full Roth IRA contribution for that year. Some people with higher MAGI may be able to make smaller contributions.

We can help. Whether you have recently switched careers or your position has changed, leaving your wealth in your previous employer’s plan may not be the best solution. Icon Financial Services can help roll over your existing IRA and provide strategies to aid with your new opportunities.

Just Getting Started?

Smart Start IRA Program

Many people think, “I can’t afford to contribute to a retirement account” — when they should be thinking, “I can’t afford not to!” Icon has created the Smart Start IRA, a simple and rewarding Individual Retirement Account (IRA) that will help you get started on your retirement savings. Open a Smart Start IRA and start investing in your future today.

Looking for Something More Specific?

Coverdell Education Savings Account (ESA)

The sole purpose of the Coverdell Education Savings Account (ESA) is to help you pay for your child’s education expenses, such as tuition, fees, books, supplies, equipment, and in some cases, room and board, and computers. Unlike the traditional IRAs, your contributions to a Coverdell ESA are never tax deductible. However, a Coverdell ESA offers you the potential for tax-free withdrawals — including earnings. No taxes are due on withdrawals used for qualified higher education expenses.
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