There are almost as many types of retirement products available as there are retirement dreams. At HTLF Investment Services we offer several of the most popular. Traditional IRAs, Roth IRAs, Rollover IRAs, Simple IRA, and Simplified Employee Pensions (SEPs) are just some of the choices. An IRA or Individual Retirement Account is a plan that allows you to contribute a portion of your earned income each year. There is a maximum contribution limit per year and those who are 50 years of age or older can make additional "catch up" contributions. Based on your unique goals and needs, we can help you choose the products that are right for you.
An IRA can help you save for your future while also offering potential tax savings. The professionals at HTLF Investment Services will work with you to develop a retirement account that addresses your specific needs. We offer:
— Traditional IRA for up-front tax benefits
— Roth IRAs, with tax-free savings
— Simplified Employee Pensions for self employed individuals
— Rollover IRA, for those challenging companies
— Simple IRA, for smaller company employees
A Traditional IRA is for the most part an individual savings plan. Contributions are made up to a particular limit with the contribution tax deductible. Funds invested and earned in a traditional IRA are subject to income taxes at time of withdrawal. Withdrawals can be made without penalty once you reach the age of 59½ and you must begin withdrawing from your account when you reach the age of 70½.
A Roth IRA is also for the most part an individual savings plan. Contributions can be made up to a particular limit on a non-deductible basis. You can make a contribution to your Roth IRA but not take a deduction on your income tax for the contribution like you can with a traditional IRA. Withdrawals are tax free within certain restrictions. Withdrawals can be made without penalty once your reach the age of 59½ provided the funds have been in the account for five years. Different than a traditional IRA, you can keep contributing to a Roth IRA even if you have reached the age of 70½.
Rollover means to transfer money from a qualified retirement plan such as a 401(k) into an IRA. If you receive a disbursement from your company-sponsored retirement plan, a rollover IRA could be to your benefit. You will continue to receive the tax-deferred status of your retirement savings and will avoid penalties and taxes.
Simplified Employee Pensions (SEPs)
SEPs (Simplified Employer Pensions) are retirement plans that are just right for the small business owners and self employed individuals. A SEP lets individuals make contributions, of determined amounts, into their own and their employees' retirement accounts.
A SIMPLE IRA is an employer sponsored plan where plan contributions are made to a participating employee's IRA. The tax-deferred contributions are higher than a traditional or Roth IRA. These are usually found in smaller companies with about 100 employees or less who want to provide a substitute to a qualified profit sharing plan. One major advantage of a Simple IRA is the portability. The IRA is held entirely by the employee making him/her 100% vested at all times.
Securities and Advisory services offered through LPL Financial, a Registered Investment Advisor.
Member FINRA/SIPC. Insurance products offered through LPL Financial or its licensed affiliates. Dubuque Bank & Trust and HTLF Investment Services are not registered broker/dealers and are not affiliated with LPL Financial.
The investment products sold through LPL Financial are not insured Dubuque Bank & Trust deposits and are not FDIC insured. These products are not obligations of Dubuque Bank & Trust and are not endorsed, recommended or guaranteed by Dubuque Bank & Trust or any government agency. The value of the investment may fluctuate, the return on the investment is not guaranteed, and loss of principal is possible.
This site is designed for U.S. residents only. The services offered within this site are offered exclusively through our U.S. registered representatives. LPL Financial U.S. registered representatives may only conduct business with residents of the states for which they are properly registered. Please note that not all of the investments and services mentioned are available in every state.
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