An Individual Retirement Account (IRA) is a personal retirement savings plan available to anyone who receives taxable income during the year. IRAs bring together two tremendously powerful forces, both of which benefit you – compound interest and tax savings.
Based on your age, income and savings goals, you first need to select an IRA type. Forward Financial offers three types of IRAs: Traditional, Roth, and Coverdell Education Savings Account.
We’re here to answer any questions you may have about Individual Retirement Accounts. We are not licensed tax advisors. You may wish to consult with a tax advisor to see which IRA works best for your finances.