Call Us (337) 326-0229 ☰ ˟
(337) 326-0229 | EMail Us |
Visit us at 412 W University Ave Ste 103 Lafayette, LA 70506
Logo
  • Main Menu
    • Home Page
    • Refer a Friend
    • Insurance Glossary
    • Privacy Policy
  • Testimonials
  • Personal
  • Commercial
  • Investments
  • Contact Us
  • Blog
Home > Home Page

Retirement Plans


Retirement Plans Information

There are six main types of retirement plans.

  1. Individual retirement account (IRA): This type of account allows you to contribute money, which is invested tax-deferred. Your gains can grow quicker since they are not taxed until you withdraw funds at retirement.

  2. Roth IRA: This plan differs from a regular IRA in one main way… contributions are made after tax. This means that funds within a Roth IRA are not taxed again. You can withdraw your funds before retirement without penalties.

  3. 401(k): This is an employer-sponsored retirement plan to which you can contribute a pre-tax portion of each paycheck. Contributing to a 401(k) lowers the amount of income you pay taxes on. Additionally, many employers offer matching programs as an employee benefit.

  4. Roth 401(k): This plan combines features of Roth IRA and 401(k). It is offered through employers, but contributions come from your after-tax salary. Like a Roth IRA, funds in the account are not taxed again.

  5. Simple IRA: This plan is like a 401(k) and is often offered by small businesses. Contributions come from pre-tax paychecks and money grows tax-deferred until retirement.

  6. SEP IRA: This plan works well for self-employed individuals, who can contribute part of their paychecks. Contributions can be deducted from income taxes. Plus, annual contribution limits are higher than many other retirement plans.

 

Let's start with a discussion.  Call Jonathan Eleser today at 337-326-0229.

Logo
Social Social
Quick Links Home About Us Refer A Friend Contact Us
Location 412 W University Ave Ste 103 Lafayette, LA 70506
Contact Phone: (337) 326-0229 | jonathan@eleserfinancial.com
© Copyright. All rights reserved. Powered by Insurance Website Builder