ROTH IRA

Parents and grandparents often ask our team, “What are the best ways to save for college?” Despite escalating costs, and the debate as to whether a four-year degree is worth it, having a college education continues to open many doors to success. As college tuition and expenses continue to escalate, including college savings in your overall financial plan becomes increasingly important. How much does college cost? Before we can plan for college, we need to understand the potential

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An Individual Retirement Account (IRA) is a tax-deferred, personal retirement plan. You must have earned income to contribute, and you can put money into an IRA whether or not you participate in an employer’s retirement plan. This blog article focuses on two types: the traditional IRAs, to which contributions may be deductible or nondeductible, and the Roth IRA. All traditional IRAs are tax deferred. This means you owe no tax on your earnings until you withdraw.

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