IRAs

Secure Your Retirement with an IRA

IRAAn Individual Retirement Account (IRA) from Apollo Trust will help you save for a secure retirement with tax benefits today. We offer both Traditional and Roth IRAs depending upon your specific savings goals. Anyone who has earned income during the year and is under age 70 ½ can contribute to an IRA.

An IRA offers guaranteed earnings. It also helps you plan for a more comfortable, worry-free retirement. You’ll also love the potential tax savings of contributing to an IRA.

Earnings are guaranteed and insured by the FDIC.

Benefits:

  • Secure a more comfortable retirement
  • Choose from versatile IRA options, including Traditional and Roth
  • Make a convenient, direct rollover from other IRA and 401K accounts
  • Lower your tax burden with contributions and/or distributions
  • Peace of mind and FDIC insurance

Traditional IRAs

Traditional IRAs enable you to make tax-deductible contributions for you (or your spouse) to reduce your tax liability. Contribution amounts vary by situation, but most tax-payers can contribute up to $2,000 of earned income per year. Married couples typically contribute up to $5,000 of earned income per year. To avoid a penalty, funds must remain on deposit until age 59 ½; earnings grow tax-deferred until withdrawal.

Roth IRAs

The earnings from your Roth IRA grow tax-free, with no age restrictions for making withdrawals from the account. Though contributions to a Roth IRA are not tax-deductible, you can make qualified withdrawals at any time without penalty.