Traditional, Roth, and SEP IRA’s
Individual Retirement Accounts (IRAs) are a crucial component of retirement planning. At MB Wealth Advisors, we offer guidance on Traditional, Roth, and SEP IRAs to help you make informed decisions about your retirement savings.
Understanding Traditional, Roth and SEP IRAs
Traditional, Roth, and SEP IRAs are types of retirement accounts that offer different tax advantages:
A Traditional IRA allows you to make contributions with pre-tax dollars, which can lower your taxable income. You pay taxes on your contributions and earnings when you withdraw them in retirement.
Roth IRAs are funded with after-tax dollars, and qualified withdrawals in retirement are tax-free. This can be a significant advantage if you expect to be in a higher tax bracket in retirement.
Simplified Employee Pension (SEP) IRAs are designed for self-employed individuals and small business owners. They allow larger contributions than Traditional and Roth IRAs and can be a valuable tool for both retirement and tax planning.
Benefits and Considerations for Each Type of IRA
Each type of IRA has unique benefits and considerations, depending on your income, tax situation, and retirement goals. At MB Wealth Advisors, we can help you understand these factors and make an informed decision.
How MB Wealth Advisors Guides You in Choosing the Right IRA
With over 25 years of experience in the financial services industry, Michael Black and the MB Wealth Advisors team are well-equipped to guide you in selecting the IRA that best fits your needs and goals. We take a personalized approach, treating each client like they are our only client.
Start Your IRA Journey with MB Wealth Advisors
Are you ready to take the next step in your retirement planning? Contact us today to discuss your IRA options. Call us at (704) 584-9363 to schedule a consultation and learn more about how we can assist you.