Strategies managed by Windsor Capital Management, LLC. Assets and accounts held at TD Ameritrade Institutional. Past performance is not indicative of future results. Asset allocation and diversification does not guarantee a profit. Windsor Capital Management, LLC and TD Ameritrade are not affiliated and TD Ameritrade does not manage or endorse the Plan Forward Portfolios.

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RETIREMENT ACCOUNT OPTIONS

You deserve to live the retirement you want, let us help you get there.

Learn more about our four retirement account options.

TRaditionaL

IRA

Traditional IRA Features:

  • Generally, earnings grow tax-deferred and are taxed at your ordinary income tax rate when you withdraw your money.

  • Although you can't make personal contributions into a traditional IRA if you are age 70½ or over, you still can open a traditional IRA and transfer assets from another IRA into this one.

Eligibility:

  • You must have earned income or file a joint return with a spouse who earns income.

Contributions:

  • You can contribute up to $6,000 in tax-deferred earned income.

  • You can also contribute up to $6,000 a year of earned income into a separate IRA for a non-income-earning spouse.

  • Account owners 50 years of age or older may contribute an additional $1,000 (for a total of $7,000) each year.

  • In order to fully deduct your contributions, your 2018 adjusted gross income (AGI) must be less than $123,000 for couples filing jointly or $74,000 for singles. 

Distributions:

  • ​Penalties may be assessed if withdrawals are taken before age 59½ or if withdrawals are not started by April 1st of the year following the year the account owner reaches 70½.

  • Required minimum distributions are mandatory when you reach age 70½.

  • Some exceptions are made if funds are used for a first-time home purchase, education, or certain medical expenses.

Rollover

IRA

Rollover IRA Features:

  • Generally, earnings grow tax-deferred and are taxed at your ordinary income tax rate upon withdrawal.

Eligibility:

  • You may open this type of account if you change jobs or retire and receive an eligible distribution from your former employer's plan, such as 401(k) or 403(b) accounts.

  • Contributions (after the rollover is complete):

  • You can contribute up to $6,000 per year in tax-deferred earned income.

  • You can also contribute up to $6,000 per year of earned income into a separate IRA for a non-income-earning spouse.

  • Account owners 50 years of age or older may contribute an additional $1,000 (for a total of $7,000) each year.

Withdrawals:

  • Early withdrawal penalties may apply for withdrawals prior to age 59½.

  • Withdrawals for special purposes may be permitted prior to retirement.

  • Minimum distributions required beginning at age 70½.

ROTH IRA

Roth IRA Features:

  • You may withdraw earnings tax-free and penalty-free beginning at age 59½ if the account is at least five years old.

  • You may withdraw contributions tax-free and penalty-free at any time.

  • There is no required minimum distribution at age 70½.

  • You may contribute to a Roth IRA for as long as you earn taxable income.

Eligibility:

  • You must have earned income.

  • Your 2018 adjusted gross income (AGI) must be less than $203,000 for couples filing jointly or $137,00 for singles. 

Contributions:

  • You can contribute up to $6,000 in after-tax contributions that grow tax-free.

  • You can also contribute up to $6,000 a year of earned income into a separate IRA for a non-income-earning spouse.

  • Account owners 50 years of age or older may contribute an additional $1,000 (for a total of $7,000) each year.

Distributions:

  • Contributions can be withdrawn at any time without taxes or penalties.

  • Earnings can be withdrawn without taxes or penalties if you are age 59½ and your account has been open five years or more or the distribution is due to disability or death.

SEP IRA

SEP IRA Features:

  • The Simplified Employee Pension plan (SEP IRA) features employer contributions to an IRA for themselves and their employees.

Eligibility:

  • You must be either a self-employed individual, a sole proprietor, in a partnership, a small business owner, or an employee of a business that sponsors a SEP.

Contributions:

  • Employers may contribute 25% of an employee's compensation or $55,000 (whichever is less).

  • Workers who make their personal contributions to a SEP may not contribute to a separate IRA that year.

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