IRA Your Way To A Secure Retirement
Social Security and pension plans no longer can be relied on to provide all of the income you’ll need to retire. That’s why opening an Individual Retirement Account is so important.
Depending on which account you open, you can enjoy either tax-free distributions when you retire or you can take advantage of a yearly tax deduction and defer taxes on the interest your account accumulates.
Garden State offers two types of IRAs, plus IRA Share Certificates (CDs). You can contribute to either a Traditional IRA, a Roth IRA, or both types of IRAs, up to the annual contribution limit. If you are age 50 or older, you can take advantage of the “catch up” provision and contribute even more. Check with your tax advisor.