Retirement Planning in Phoenixville, Lansdale, Pottstown, King of Prussia, West Chester, Reading, Norristown

Retirement Plans

Retirement planning is the best way to prepare for your golden years and ensure your loved ones have a secure financial future. At Advantage Insurance Group, we’ve been helping clients since 2008 reach their retirement goals through smart investment planning. Below, we’ll discuss IRAs and investment choices to help you get the most out of your Social Security and other retirement savings.

Traditional IRA

A traditional IRA lets you contribute pre- or after-tax dollars, allowing your money to grow tax-deferred.

The best benefits of traditional IRAs include:

No income restrictions to open an account
Your earnings grow tax-deferred
Some annual contributions are tax-deductible

Roth IRA

With a Roth IRA, you only contribute after-tax dollars.

A Roth IRA provides the following benefits:

Your earnings grow tax-free
No age restrictions on contributions
No required minimum distributions
Eligible withdrawals are tax-free

Simple IRA

A SIMPLE (Savings Investment Match Plan for Employees) IRA is a simple and affordable way for small businesses (fewer than 100 employees) or self-employed individuals to invest their retirement savings and plan for the future. Employees can fund their accounts by deferring their salary, and employers contribute additional funds. SIMPLE IRAs provide the following advantages:

Mutual benefits for employer and employees
Plans are easy to set up and affordable
Account holders can have tax-deferred earnings

401(k)

A 401(k) retirement savings plan is one of the most popular tax-advantaged plans for employees. It’s simple: You defer a percentage of your paycheck directly into a savings account, and your employer matches some or all of your contribution.

Explore Your Options for IRAs and Retirement Planning With Advantage Insurance Group

As the leading choice for retirement planning in Pottstown, Lansdale, West Chester, King of Prussia, Reading, Phoenixville, Norristown, and the surrounding cities, Advantage Insurance Group is proud to help our friends and neighbors secure their financial futures. Would you like to learn more? Fill out our online contact form.