An individual retirement arrangement (IRA) is a personal savings plan that offers specific tax benefits while helping you achieve your retirement goals. IRAs are one of the most powerful retirement savings tools available to you. Even if you're contributing to a 401(k) or other plan at work, you should also consider investing in an IRA.
You should understand the differences between a Roth IRA and a Traditional IRA before choosing the type of IRA that's best for you. Roth IRA contributions are not tax-deductible, but distributions (including earnings) can be tax-free at retirement if certain circumstances exist.*
Contributions can only be made with after-tax dollars.
Stocks, bonds, mutual funds, exchange-traded funds (ETFs), U.S. Treasuries, Brokered CDs, unit investment trusts (UITs), and annuities
Effective Jan 1, 2019 individual annual contribution limit is raised from $5,500 to $6,000.
*Earnings you withdraw are tax-free after age 59½ if the account has been established for a minimum of five years.
**Consult your tax or legal advisor for tax planning relating to your current situation.
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The information provided on this website is not meant as a recommendation or endorsement of any specific security or strategy. An individual’s situation can vary; therefore the information provided above should be relied upon only when coordinated with individual professional advice.
Mutual funds, annuities, and other investment products:
May lose value
No bank guarantee
Security and Advisory services provided through Commerce Brokerage Services, Inc., member FINRA, SIPC, and a registered investment advisor. Insurance products are offered through Commerce Insurance Services, Inc. Both entities are subsidiaries of Commerce Bank.
Investments in securities and insurance products are Not FDIC insured; Not Bank-Guaranteed and May Lose Value.
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