Traditional & Roth IRAs in Grimes and Johnston, IA
Invest in Yourself for a Better Retirement.
A comfortable retirement is a lifetime goal. It is a way to reward your decades of hard work and financial planning to be able to relax and enjoy your golden years.
Grimes Financial & Insurance Group is all about providing various options for your retirement needs. We realize that each individual has his or her own unique financial goals for the future, and it’s our job to help you get on the right path. That’s why we offer retirement plans like Individual Retirement Accounts, or IRAs, to help turn your goals into a reality.
Types of IRAs
An IRA is an account in which individuals set aside money each year that builds over time. The two main types of IRAs are: Traditional IRAs and Roth IRAs.
Traditional IRAs are tax-deferred accounts where any contributions you make may be tax-deductible. Once you withdrawal from your account after age 59 1/2, your earnings are then taxed. You can use your funds to purchase stocks, bonds, and other types of investments.
Roth IRAs are similar to Traditional IRAs, except that your contributions are after-tax money, and are not tax-deductible. Qualified distributions of contributions and earnings are tax and penalty-free. Please speak to us further about Qualified vs. Non-Qualified distributions if you are interested in a Roth IRA.
Other kinds of IRAs including Rollover IRAs, Inherited IRAs, and more are available based on your individual needs, and qualifications do apply.
At Grimes Financial & Insurance Group, we’ll work with you one-on-one to assist you achieving your long-term financial goals. Contact one of our knowledgeable specialists today to learn more about how an IRA can help you realize your retirement dreams.