RETIREMENT PLANNING
Save today for a secure tomorrow
- Grow your savings with a tax-advantaged plan
- Find options that suit your future goals and planning
- Talk to an advisor who can help guide you to the right plan
Is an invested IRA right for you?*
| Features | Traditional IRA | Roth IRA |
|---|---|---|
| Recommended if: | You have a higher income right now and think you will be in a lower tax bracket when you are retiring. | Your tax bracket at the time of retirement is going to be higher than at the time of contribution. |
| Benefits | Tax-advantaged personal savings plan where contributions may be tax deductible.* | Tax-advantaged personal savings plan where contributions are not deductible but qualified distributions may be tax free.* |
| What are qualified distributions? | Available for withdrawal without the 10% penalty from the IRS at age 59 ½. | Qualified withdrawals from the account, not subject to the 10% early withdrawal fee, are those made after age 59 ½ and five years have gone by since you made your first contribution. This is known as the “five-year rule”. |
| Required minimum distributions? | Yes, upon reaching age 73. | No. |
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*Investing & Retirement Planning Disclosure
Lighthouse Federal Credit Union (“Financial Institution”) provides referrals to financial professionals of LPL Financial LLC (“LPL”) pursuant to an agreement that allows LPL to pay the Financial Institution for these referrals. This creates an incentive for the Financial Institution to make these referrals, resulting in a conflict of interest. The Financial Institution is not a current client of LPL for brokerage or advisory services.
Please visit https://www.lpl.com/disclosures/is-lpl-relationship-disclosure.html for more detailed information.
Securities offered through LPL Financial (LPL), a registered broker-dealer, member FINRA and SIPC. Investment Advisor Representatives conducting business as Lighthouse Wealth Advisors (LWA) offer investment advisory services through LPL, a registered investment advisor. Insurance products are offered through LPL or its licensed affiliates. Lighthouse Federal Credit Union and LWA are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using LWA, and may also be employees of Lighthouse. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, Lighthouse or LWA. Securities and insurance offered through LPL or its affiliates are:
The LPL Financial registered representatives associated with this website may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state.