Many of us — of all ages — are pondering our retirement. "How much money will I have? Will it be enough to just live, or will I be set up to truly enjoy my post-career life?"
Don't wait! Honor all your years of hard work by building your retirement reward today. Thanks to Traditional and Roth IRAs, you can choose the strategy that best fits your life.
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There are advantages to both Traditional and Roth IRAs.
One of the most significant differences is the time at which you see the most payback advantage. A Traditional IRA provides potential tax relief today, while a Roth IRA has the potential for the greatest tax benefit when you retire.
Select a traditional IRA if you foresee upcoming expenses important enough to take the tax hit. Choosing a Roth IRA is choosing to truly prioritize your retirement, with built-in tax incentives to let the money stay put. Sutton Bank's personal bankers will guide you through the process to find the best fit for you.
*Subject to some minimal conditions. Consult a tax advisor.
**Certain exceptions apply, such as healthcare, purchasing first home, etc.
***Consult a tax advisor.