Individual Retirement Accounts (IRAs)
Many people mistakenly think of an IRA as an investment product in itself. Rather, it's more accurate to think of it as a box and inside are mutual funds, stocks, bonds, certificates of deposit, annuities, or other financial products you choose to invest in to help fund your retirement. There are several types of IRAs, including Traditional and Roth:
|
|
|
With a Traditional IRA: |
•Taxes are not paid until distributions are taken
•Contributions may be tax deductible |
|
With a Roth IRA: |
•There are no taxes upon withdrawal,
provided the timing requirements are met.
•Contributions are not tax deductible. |
|
Allstate Financial can help you with: |
•IRAs for 401(k) Rollovers
•IRAs funded by annual contributions
•IRA consolidations |
|
Whether you're interested in opening a new or rollover IRA, traditional or Roth, Allstate Financial Services has a broad selection of investments from which to choose. A Personal Financial Representative can help you make the best decisions in saving for your retirement.
* Please see the disclaimers below.
Withdrawals of earnings may be taxed at ordinary income tax rates and a 10% premature distribution federal tax penalty may apply for withdrawals prior to age 59 ½.
Securities offered by Personal Financial Representatives through Allstate Financial Services, LLC (LSA Securities in LA and PA) Registered Broker/Dealer. Member FINRA, SIPC. Main Office: 2920 South 84th St., Lincoln, NE 68506 877-525-5727.