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Investment IRAs

Since Social Security was never designed to be the sole source of retirement income, your own savings and investments can often determine whether your golden years will be prime time. One of the best ways to accumulate additional assets for retirement is through individual retirement accounts (IRAs).

1.   Traditional IRAs

The Traditional IRA may be an excellent tax-advantaged vehicle for you to consider as you build your retirement savings. You pay no taxes on Traditional IRA earnings until distribution. This allows you to reap the full advantages of compounding. And contributions to Traditional IRAs are tax deductible up to certain income limitations, giving you yet another tax privilege. Even if your contribution becomes non-deductible, it still makes sense to contribute simply for the tax-deferral benefits.
 
2.   Roth IRAs

All contributions to a Roth IRA, and assets converted from a Traditional IRA, are made with after-tax dollars, up to certain income limitations. However, the benefits of a Roth IRA come from the potential for tax-free distributions of your accumulated earnings at retirement.
 
3.   Coverdell Education Savings Accounts (ESAs are formerly known as Education IRAs)

Funds can be established by any adult. Earnings in ESAs are tax-deferred and withdrawals for qualified education expenses are tax-free. Up to $2,000 annually may be contributed on behalf of a child until the child reaches age 18, assuming the contributor meets certain income limitations.
 
4.   SIMPLE IRAs

It allows small business owners and their eligible employees to defer a portion of their pay and invest it in a tax-deferred retirement account, much like a 401k.
 
5.   SEP IRAs

It is designed for self-employed individuals, partnerships, corporations or tax exempt entities to make tax deductible contributions into the SEP IRAs set up by all eligible employees.


Consult your tax advisor regarding tax consequences and for more information regarding the contribution limits and income restrictions applicable to each type of IRA account.

Getting Started
Call our financial consultants at 1-877-7CATHAY for more information.
 

Cathay Wealth Management offers a wide range of investment products and services. All securities and insurance products provided by Cathay Wealth Management are offered by, and all Financial Consultants are registered with, CETERA INVESTMENT SERVICES LLC. CETERA INVESTMENT SERVICES LLC is a registered securities broker/dealer and licensed insurance agency and member of the FINRA and SIPC. Advisory services are offered by Cetera Investment Advisers LLC.  CETERA INVESTMENT SERVICES LLC and  CETERA INVESTMENT ADVISERS LLC  are independent entities and not affiliated with Cathay Bank.. Cathay Wealth Management is located at Cathay Bank.

 
Cathay Investments Not FDIC Insured

Contact our Financial Consultants at:
1-877-722-8429 (7CATHAY)


View CETERA INVESTMENT SERVICES LLC privacy policy and other important information.

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