IRAs

What is an IRA?

An IRA or Individual Retirement Account is a retirement account that provides tax advantages for retirement savings. These accounts allow the holder to earmark earned income for retirement Savings. 

As of 2020, these were the available types of IRAs.

-Traditional IRA

-Roth IRA

-SEP IRA

-SIMPLE IRA

 

Each IRA has its own advantages and rules that apply to taxation as well as withdrawals and Required Minimum Distributions.   

Thieman-Stinnett's Financial Advisors are here to listen to your needs and help guide your retirement plans. For more information about opening an IRA or rolling over one you currently have please call us at (325)655-5520 or click on the Contact Us link at the top of the page. 

For some basic information on IRA Eligibility, below is a link to our IRA Calculator. 

IRA Eligibility Calculator