Individual Retirement Accounts
Your money has a job to do.
An IRA account with Brickwell will help ensure that your money keeps working, long after you do. Here is a brief overview of the full gamut of IRA options available. As always, you can trust your Brickwell professional banker to help fill in all the details.
Traditional and Roth IRAs
As an individual taxpayer, you are allowed to contribute a percentage of compensation (self-employment income for sole proprietors and partners) up to a set maximum dollar amount per year. Contributions to your Traditional IRA may be tax-deductible depending on the your income, tax-filing status, and coverage by an employer-sponsored retirement plan. Roth IRA contributions are not tax-deductible.
SEP and SIMPLE IRAs
These are retirement plans established by employers. Individual participant’s contributions are made to SEP IRAs and SIMPLE IRAs.
Contact a Brickwell representative today to learn more about how to make your retirement money work harder.