IRAs are excellent vehicles to help prepare for your eventual retirement. Whether you plan on traveling the world, relaxing at home with the ones you love or, simply cutting back on your work week, your IRA is a great way to save towards your goal.
IRAs provide you with valuable tax benefits; including the ability to defer or even avoid taxation on your investment earnings. By allowing your savings to grow in a tax-deferred environment, your earnings compound over time – without being taxed, further helping you reach your retirement goals. If you have a ROTH IRA or convert to one, you may be able to withdraw your account completely tax-free (provided you make a qualifying withdrawal – see ROTH IRAs on the left).
Use your IRA to built your post-retirement paycheck. With flexible withdrawal options, you can have BPAS send you a check monthly, quarterly, semi-annually or, once a year.