IRAs & Retirement Planning

Having enough money to last throughout retirement is an extremely important financial goal for most people. The CFS Advisors at Amplify Wealth Management will design a retirement savings strategy that analyzes your current finances and your long-term goals.

Individual Retirement Accounts (IRAs)

An IRA can be an important cornerstone when building your retirement savings plan. Different types of IRAs have different rules and offer different types of potential tax advantages. You may be able to open and contribute to an IRA account as part of your retirement strategy.

Traditional IRA

If you have earned income, you’re eligible to contribute to a Traditional IRA. Contributions made to a Traditional IRA are generally deductible from taxes at the time they are made. When withdrawals are made from the IRA, the contributions and earnings are taxed at the appropriate rate for your tax bracket at that time.

Roth IRA

In general, contributions made to a Roth IRA are taxed when they are made. Earnings compound tax-free. Contributions and earnings from a Roth IRA can be withdrawn at retirement on a tax-free basis if holding requirements are met.

IRA Rollovers and Roth Conversions

Many people have funds remaining in a 401(k) plan with a former employer. Rolling over those funds into an IRA can give you more flexibility and control over your retirement savings.

Retirement Plans for Small Business Owners and Those Who Are Self-Employed

If you own a small business or are self-employed, your Advisor can help you with tax-advantaged retirement savings using SEP (Simplified Employee Pension) plans and SIMPLE (Savings Incentive Match Plan for Employees) IRAs.

SEP Plans

A SEP Plan allows business owners the flexibility to adjust employer contributions with business activity each year. With a SEP IRA, business owners can make tax-deductible contributions to an individual retirement account on behalf of each eligible employee, including themselves.

SIMPLE IRAs

SIMPLE IRAs are easy to administer and require little paperwork.

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Schedule an Appointment

Amplify Wealth Management provides an investment advisor registered through CFS who will sit with you to understand what is important to your financial success. Whether you are looking for investment advice, education planning, estate planning, or growing your business-- they can help you.

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Invest on Your Own

If you like to make your own investment decisions, Amplify Wealth Management provides a solution through CFS for online investing in stocks, options, and mutual funds. The platform provides quotes, charts, analyses, and tools to help you screen mutual funds. This tool gives you 24-hour access to the information you need.

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