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We all go to work
looking forward to the day we can retire. That
day will come a lot sooner if you begin investing for your retirement at a young
age. One of the ways to invest is
through the establishment of an Individual Retirement Account.
An IRA is a type
of account that has been established by Congress to assist people with planning
for their retirement needs. Generally
any money put into an IRA cannot be taken out before age 59 ˝ without penalty
from the IRS (there are some exceptions to this rule). The hope of Congress was that by
establishing these retirement plans people who do not have retirement plans
available to them at their place of employment would begin a savings plan using
this type of account.
To simplify your
retirement savings we can set up an automatic transfer on a periodic basis from
your checking or savings account into an IRA account.
We are able to
establish a Roth IRA, a traditional IRA, and/or the educational IRA. We can also set up a SEP IRA if you are
the owner of a small business.
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