Individual Retirement Plans
Individual retirement plans can help individuals build long-term savings and prepare for retirement while offering tax-advantaged opportunities to save and invest. Selecting a plan often involves considerations such as income eligibility, contribution limits, investment flexibility, and long-term retirement goals.
Wedbush advisors work with individuals to evaluate retirement plan options and determine how different account types may support their broader financial strategy.
Individual Retirement Accounts
Traditional IRA
Allows individuals to make contributions that maybe tax-deductible depending on income and participation in employer-sponsored retirement plans.
Roth IRA
Allows individuals to make after-tax contributions and provides for potential tax-free qualified withdrawals in retirement.
Rollover IRA
Designed to receive assets transferred from employer-sponsored retirement plans or other retirement accounts when changing jobs or consolidating retirement assets.
Self-Employed Retirement Plans
Individual 401(k)
Retirement plans designed for self-employed individuals or business owners with no full-time employees.