Beacon can help you establish an Individual Retirement Account today. Programs we support include:
This account provides persons under age 70 1/2 with tax deductible contributions and tax-deferred earnings, subject to IRS defined limitations.
The Roth IRA is not tax deductible. This account features tax-free withdrawals for qualified distribution reasons after a five year holding period. Contributions can be withdrawn penalty free at any time.
Coverdell Education Savings Account
Created in 1997 under the Taxpayer Relief Act, contributions to this account are not tax deductible. This account features tax-free withdrawals for a named beneficiary's higher education expenses.
Simplified Empoyee Pension (SEP)
Small business owners may choose this simplifed retirement program over the more complex alternatives.
Contact Customer Service to discuss the alternatives above. We will explain the nature of the accounts in more detail, and will help you complete the simple forms necessary to establish your IRA.