Individual Retirement Annuity (IRA)
Saving for retirement on your own or looking for a way to supplement your employer's retirement benefits? An Individual Retirement Annuity (IRA) is a good place to start.
Roth IRAs present an attractive long-term savings opportunity. Your contract grows tax-deferred and after you’ve held it for at least 5 years, any earnings withdrawn aren’t taxable or subject to penalty as long as one of the following conditions is met:
- You’re at least 59½.
- The withdrawal is going to your beneficiary after your death.
- The withdrawal is attributable to your being disabled.
- You use the withdrawal for a first-time home purchase.
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