Did You Know?

Did you know that IRA originally stood for "Individual Retirement Arrangements"?

Individual Retirement Arrangements (IRA’s) were created by the Employee Retirement Income Security Act (ERISA) of 1974.

Did you know that IRA's may be used to purchase real estate?

IRA's may be used to purchase a variety of securities - including real estate.

Did you know that you can contribute to an IRA even if you have other retirement plans?

You may not, however, deduct all of your contributions if your are covered by your employer's retirement plan.

Did you know that you can convert your Traditional IRA to a Roth IRA?

This can be accomplished by a rollover, a same-trustee transfer, and a trustee-to-trustee transfer.

Did you know an IRA cannot be invested in collectibles?

IRA's cannot be invested in artwork, antiques, baseball cards, or any other type of collectible.

Did you know that retirement assets are some of the most heavily taxed in the nation?

Upon a death, retirement assets are subject to federal estate taxes and federal income taxes.