An Individual Retirement Account is a personal retirement savings program which permits eligible individuals to contribute both deductible and nondeductible payments with the benefit of tax deferral. Roth IRAs allow for tax-free distributions and avoid some restrictions on when payments must be made. IRAs also provide the flexibility to choose investment vehicles that suit an investor’s objectives/needs. Registered representatives can assist in determining the best strategy for your retirement planning.

There may be statutory penalties on early withdrawals from Individual Retirement Accounts before the age of 59 ½.