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| Qualified Retirement Plans are plans that allow you to invest for your future retirement on a tax-deferred basis. Many long-term investors select tax-deferred plans rather than taxable accounts because earnings compounded on a tax-deferred basis can result in a higher total return.
Individual Retirement Accounts (IRAs) are among the most popular options for long-term tax-deferred investing. Popular options include:
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| Qualified Retirement Plans |
| Traditional |
- You must be under age 70½ to participate
- May offer tax deductions, consult your accountant or tax advisor
- Earnings are tax deferred
- Penalties may be incurred for early withdrawal
- Traditional IRAs require minimum distributions after age 70½
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| Roth |
- You may contribute to a Roth IRA at any age as long as you or your spouse works and
- You are a single tax filer whose adjusted gross income (AGI) is less than $110,000
- You and your spouse, filing jointly, have a combined AGI under $160,000
- Or, you are an unemployed spouse with a joint AGI under $160,000
- Contributions are not tax deductible
- Earnings accumulate tax free
- Contributions may be withdrawn tax free and penalty free at any time
- Earnings may be withdrawn tax free and penalty free after five years if you've reached the age of 59½
- Roth IRAs do not require minimum distributions
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| Rollover IRA |
- You may transfer funds to a rollover IRA from a corporate retirement plan when you change jobs or enter retirement
- Earnings are tax deferred
- There is no limit on how much tax-deferred money you can transfer
- Most rollover IRAs offer a variety of savings and investment options
- Rollover IRAs may be transferable to Roth IRAs
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| SEP-IRA |
- Simplified Employee Pension (SEP) plans are designed for self-employed individuals and small firms
- The cost to the company is lower compared to other plans
- Contributions may be adjusted each year based on the company's financial situation
- No employer tax filing is required
- Employees are 100% vested in the plan immediately
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There may be tax consequences associated with each of these Retirement Plans. BB&T Investment Services, Inc. and its affiliates do not provide tax advice. Before acting on any such information, consult your own accountant or tax advisor.
BB&T Investment Services, Inc. is a registered broker-dealer and wholly owned subsidiary of Branch Banking and Trust Company.
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| Contact us by Phone |
| To arrange a meeting with an Investment Counselor, contact your local BB&T bank branch or call 1-800-453-7348 |
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| Contact us by Mail |
BB&T Investment Services, Inc.
200 S. College St., 8th floor
Charlotte, NC 28202 |
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| Investment products offered through BB&T Investment Services, Inc. are:
Not a deposit • Not FDIC-insured • Not guaranteed by the bank •
Not insured by any federal government agency • May go down in value |
Member FINRA. Member SIPC.
Learn more at www.finra.org and www.sipc.org.
Please Note: BB&T Investment Services, Inc. can only serve clients residing in states in which we are currently registered with the National Association of Securities Dealers. For states other than North Carolina, South Carolina, Virginia, Georgia, Maryland, Washington D.C., West Virginia, Tennessee, Alabama, Kentucky, Florida, and Indiana, please call 1-800-453-7348 and select Option 3 for more information.
Copyright © 2009, Branch Banking and Trust Company. All Rights Reserved.
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