Open an IRA

Opening an IRA is quick and easy. So if you’re ready to grow your nest egg and reap the benefits of tax savings, there’s no better time to start than now.

Choose your IRA

Do you prefer the up-front tax benefits of annual deductions on your contributions? Or the flexibility of tax-free withdrawals with no mandatory distributions during your lifetime? The question really is whether you want to save on taxes today or during retirement. Find out whether you're eligible for both a Traditional and  Roth IRA. Then discuss with your investment professional and choose what works best for your situation.

Choose where to invest your money

Most individuals choose to invest their long-term savings using a brokerage account. Consult your financial advisor about any fees that may be associated.

Choose your investments

Stocks, bonds, index funds, mutual funds – there are so many different types of investments to choose from. Each with their own strategy and benefits. If you have a self-directed account, you can mix and match on your own. Discuss your long-term goals and risk profile with an investment professional.

Start thinking about how you'll spend your days in retirement.

Once you’ve taken the steps to open an IRA and save for the future, continue your discussions with your investment professional to make sure you are on track for retirement.