Affinity Plus Individual Retirement Accounts (IRAs)

Retirement means different things to different people. When you choose Affinity Plus, define retirement in your own way and make the most of your hard-earned money now and in the future. Benefit from the ability to design a retirement plan to fit your unique needs. Additionally, get the support you need to select the right products, including savings, money markets, and certificates of deposit, using any combination of tax-deferred accounts, including Traditional and Roth IRAs. 

    Traditional IRAs

      Funds grow tax-deferred then get taxed when withdrawn.

      • Contributions may be tax deductible
      • Earnings grow tax-deferred
      • Withdrawals after age 59½ are taxed as income
      • Cannot continue funding after age of 70½
      • Required Minimum Distributions (RMDs) begin at age 70½
      • Must have taxable income to be eligible to contribute with limits on annual contributions

      Roth IRAs

        Funds grow tax-deferred with withdrawals tax-free.

        • Contributions are not tax deductible
        • Earnings grow tax-deferred 
        • Withdrawals after age 59½ are tax-free
        • Ability to continue funding after age 70½
        • No required minimum distributions (RMDs) at any age
        • Must have taxable income to be eligible to contribute with limits on annual contributions
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