Your contributions may be tax deductible, and earnings can grow tax-deferred until you withdraw them during retirement.
Your contributions are made with after-tax money, which may then grow tax-free. Withdrawals during retirement are also tax-free in most cases.
Transfer assets or distributions from an employer-sponsored retirement plan when you change jobs or retire. You can also combine your existing IRAs into one Rollover IRA.
Simplified Employee Pension (SEP) IRAs give self-employed individuals and small-business owners access to tax-deferred retirement savings plans.
Savings Investment Match Plans for Employees (SIMPLE) IRAs provide self-employed individuals and small businesses with 100 employees or fewer with access to tax-deferred retirement savings plans.
Contact a BB&T Investment Services, Inc. Investment Counselor today for an assessment of your individual tax situation and help in determining your best option.
We can help you decide how to invest your retirement funds, assist you with choosing the right allocations, help set up systematic withdrawals, and make any adjustments as your circumstances change. To determine the appropriate tax strategy for your situation, we recommend that you consult with your tax advisor.