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Individual Retirement Accounts

Individual Retirement Accounts (IRAs) are one of the most powerful and flexible tools to accumulate funds for retirement while reducing tax liabilities. Taking full advantage of higher contribution limits, catch-up contributions for older individuals and wise investments within your IRA can help you pursue your financial goals. IRAs listed here are offered by Starion Investment Services Representatives through LPL Financial.

For Individuals

> Traditional IRA Account

Allows individuals to direct pretax income, up to specific annual limits, toward investments that can grow tax-deferred. These IRAs are subject to investment risk and are not insured by the FDIC.

Advantages

  • Contributions are often tax-deductible, and the taxpayer gets the tax benefit immediately
  • There is always an option to convert to a Roth IRA, whereas a Roth IRA cannot be converted back into a Traditional IRA
  • If a taxpayer expects to be in a lower tax bracket in retirement than during working years, then a traditional IRA offers an increased incentive over the Roth IRA

Disadvantages

  • You must meet the eligibility requirements to qualify for tax benefits
  • All withdrawals from a Traditional IRA are included in gross income and subject to federal income tax, with a few exceptions
  • Traditional IRAs have forced distributions based on age. Withdrawals must begin by age 72

As with any investment plan, please contact your tax advisor for questions on how the plan might affect your taxes.

Contact your Starion Investment Representative to learn more

> Roth IRA Accounts

For Business Owners

> SEP IRA Accounts

> SIMPLE IRA Accounts

Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Starion Bank and Starion Investment Services are not registered as a broker/dealer or investment advisor. Registered representatives of LPL offer products and services using the name Starion Investment Services, and may also be employees of Starion Bank. These products and services are being offered through LPL or its affiliates, which are separate entities from and not affiliates of Starion Bank or Starion Bank Investment Services. Securities and insurance offered through LPL or its affiliates are: 

Not INsured by FDIC or Any Other Government Agency, Not Bank Guaranteed, Not Bank Deposits or Obligations, May Lose Value

Contact a Representative

The LPL Financial registered representatives associated with this website may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state.

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