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.
Offered by Starion Investment Representatives
Meet with a Starion Investment Representative to discuss your IRA options
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.
The Roth IRA bears many similarities to the traditional IRA, but offers tax deferral on any earnings in the account. Withdrawals from the account may be tax free, as long as they are considered qualified. Limitations and restrictions may apply. Withdrawals prior to age 59 may result in 10% IRS penalty tax. Future tax laws can change at any time and may impact the benefits of Roth IRAs. Their tax treatment may change. Roth IRAs are subject to investment risk and are not insured by the FDIC.
For farmers, ranchers and small business owners
Simplified Employee Pension, or SEP IRAs, are generally designed for self-employed business owners with no employees. SEP IRAs are subject to investment risk and are not insured by the FDIC.
Savings Incentive Match Plan for Employees, or SIMPLE IRAs, are aimed at business owners with up to 100 employees who want to set up a retirement program for themselves and their employees. SIMPLE IRAs are subject to investment risk and are not insured by the FDIC.
As with any investment plan, please contact your tax advisor for questions on how the plan might affect your taxes.
Schedule an appointment to discuss your business' IRA needs
Securities offered through LPL Financial, member FINRA/SIPC. Insurance products offered through LPL Financial or its licensed affiliates. Starion Bank and Starion Investment Services are not registered broker/dealers and are not affiliated with LPL Financial.
Offered by Starion Personal Bankers
Combines tax advantages of an IRA with the security of a bank Certificate of Deposit. Contributions can be deducted from an individual’s income tax Withdrawals are subject to income tax. IRA CDs are FDIC insured and offer a fixed rate of return if held to maturity.
A CD structured inside a Roth IRA follows the rules of a Roth IRA. Contributions are not tax deductible, but the CD enjoys tax-free growth and qualified withdrawals are generally tax-free. Roth IRA CDs are FDIC insured and offer a fixed rate of return if held to maturity.
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