Michigan IRA's

Is your retirement secured? The state of Michigan is home to many retirees. Many of these residents contributed to Roth Individual Retirement Accounts in order to secure their retirement and are now living out their retirement dreams.

To help you plan for your dream retirement, contact our IRA Professionals at Cranberry Lake Financial now!

IRA Compensation Includes:

• Alimony
• Commissions
• Salaries
• Self-Employment Income
• Wages

A Michigan Roth IRA is made up of contributions with after-tax assets. All transactions and withdrawals are tax-free. Roth IRA's have a maximum contribution limit of $4,000 per year or your taxable income for the year - whichever amount is lowest.

Another type of IRA is a Self-Directed IRA. This type of account allows the holder to make investments on behalf of the retirement plan. Workers should use caution with this plan since it is not as stable as other IRA's.