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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. |
**Some IRAs have contribution limitations and tax consequences for early withdrawals. For complete details, consult your tax advisor or attorney. Income may be subject to local, state and/or the alternative minimum tax.
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*Investing & Retirement Planning Disclosure
Who is Cetera? Cetera Investment Services, LLC is an experienced brokerage firm, providing services and products to the customers of nearly 500 financial institutions. Cetera Investment Services is a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investors Protection Corporation (SIPC). They offer a broad range of investment and insurance products, including: Mutual Funds, Stocks and Bonds, Unit Investment Trusts, Tax-Deferred Fixed and Variable Annuities, Life and Long-Term Care Insurance.
Lighthouse Wealth Advisors is a marketing name of Cetera Investment Services. Securities and insurance offered through Cetera Investment Services LLC, member FINRA/SIPC. Advisory services offered through Cetera Investment Advisers LLC. Cetera firms are under separate ownership from any other named entity.
Important Information and Form CRS
This site is published for residents of the United States only. Financial Professionals of Cetera Investment Services LLC may only conduct business with residents of the states and/or jurisdictions in which they are properly registered. Not all of the products and services referenced on this site may be available in every state and through every advisor listed. For additional information please contact the advisor(s) listed on the site, visit the Cetera Investment Services LLC site at www.ceterainvestmentservices.com.
Cetera is not affiliated with the financial institution where investment services are offered. Individuals affiliated with Cetera firms are either Registered Representatives who offer only brokerage services and receive transaction-based compensation (commissions), Investment Adviser Representatives who offer only investment advisory services and receive fees based on assets, or both Registered Representatives and Investment Adviser Representatives, who can offer both types of services.
400 First Street South, Suite 300, St. Cloud, MN 56301 – (320) 656-4300
Investments: • Are not FDIC/NCUSIF insured • May lose value • Are not financial institution guaranteed • Are not a deposit • Are not insured by any federal government agency
For a comprehensive review of your personal situation, always consult your tax and/or legal advisor. Neither Cetera Investment Services LLC nor any of its affiliates offer tax or legal service.