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= Regular IRA
= Roth IRA
= SIMPLE IRA
= SEP IRA
= Keoghs
= 401(k)

Regular IRA

• Contributions are tax deductible for qualifying individuals
• Principal and earnings taxed when withdrawn at retirement
• Taxed at income tax rates in effect at distribution

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Roth IRA

• Contributions are NOT tax deductible at contribution time
• Principal and earnings are not taxed when withdrawn at retirement

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SIMPLE IRA (Savings Incentive Match PLan for Employees)

• Contributions and earnings are taxed when withdrawn at retirement
• Employers can match the employee contribution up to 3%
• Taxed and treated the same as Regular IRA
• The employee decides where the SIMPLE IRA funds are invested
• WE OFFER A SAVINGS ACCOUNT FOR SIMPLE IRA CUSTOMERS

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SEP IRA

• Contributions are made by the employer (sole proprietor or small business)
• Up to 15% of each employee's total compensation
• Principal and interest taxed when withdrawn at retirement
• The effective maximum % can be less than 15% due to self employment tax
• Consult your accountant before making a contribution

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Keoghs

• Contributions are tax deductible by the self employed
• Contributions and earnings are taxed when withdrawn at retirement
• Profit sharing plan: % contributions can vary each year
• Money purchase plan: Contributions are mandatory, the same % each year
• Up to 20% can be contributed for profit sharing plans ($40,000 max.)

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401(k)

• Contributions are made by the employee pre-tax
• Employers can match in the form of cash or stock
• Employer matches range from 25-100% of employee contributions
• Employee contributions can range from 1-20% up to $11,000
• Contributions and earnings are taxed when withdrawn at retirement

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