Investing For Retirement

What’s more important than planning for your future? Now more than ever it’s important to plan for what you’ll need tomorrow. We’ll help you sort through the alternatives. With an IRA through Citizens Investment Services, you control how and where your money is invested. Self-directed Traditional IRAs and Roth IRAs deliver more options, allowing you to choose from a spectrum of stocks, bonds, mutual funds, unit investment funds and more!

The Traditional IRA may be an excellent tax-advantaged vehicle for you to consider as you build your retirement savings.It allows you to take advantage of tax-deductible contributions and build your assets on a tax-deferred basis. You pay no taxes on Traditional IRA earnings until distribution. This allows you to reap the full benefits of compounding. Contributions to Traditional IRAs are tax deductible up to certain income limitations, giving you yet another tax privilege.

  • Wide range of investment choices
  • Easy-to-read, consolidated monthly statements documenting activity and holdings
  • Simplified single account with one annual fee

The main advantage of a Roth IRA is its tax structure. While you cannot deduct contributions to a Roth IRA, qualified distributions are tax free if you satisfy specific requirements.

Any existing Traditional IRA account balances may be converted into a Roth IRA. This may allow your earnings to accumulate tax-free. The amount converted will be subject to income taxes. Please seek advice from a legal or tax advisor when considering whether this is a beneficial option for you. Neither Citizens Investment Services, nor any of its representatives may give legal or tax advice.

  • Wide range of investment choices
  • Easy-to-read, consolidated monthly statements documenting activity and holdings
  • Simplified single account with one annual fee
  • Freedom to combine contributed Roth assets with converted Roth assets in the same account

Easily transfer your current retirement assets into a new account that you have control over, whether you have changed jobs, retired or are receiving a lump-sum distribution from a company-sponsored retirement plan.

  • Wide range of investment choices
  • Easy-to-read, consolidated monthly statements documenting activity and holdings
  • Simplified single account with one annual fee
  • Freedom to combine Rollover IRA assets with new Traditional IRA contributions

An alternative to a retirement savings plan, annuities offer the benefits of tax-deferred growth with no annual contribution limit, withdrawal flexibility at retirement, and a variety of income choices. A 10% IRS penalty may apply to withdrawals prior to age 59 ½.

Annuities are a popular choice for investors who are seeking a steady income stream in retirement. The income received from an annuity can be doled out monthly, quarterly, annually, or even in a lump sum payment. Money invested in an annuity grows tax-deferred. When a withdrawal is made, the amount you contributed to the annuity is not taxed; only your earnings are taxed at your regular income tax rate.

 

Securities and insurance products are offered by Cetera Investment Services LLC, member FINRA/SIPC. Advisory services are offered by Cetera Investment Advisers LLC. Neither firm is affiliated with Citizens Independent Bank or its related companies. Investments are: • Not FDIC insured • May go down in value • Not financial institution guaranteed • Not a deposit • Not insured by any federal government agency.

View Cetera Investment Services privacy policy and other important information.

Investment Executives are registered to conduct securities business and licensed to conduct insurance business in limited states. Response to, or contact with residents of other states will only be made upon compliance with applicable licensing and registration requirements. The information in this website is for U.S. residents only and does not constitute an offer to sell, or a solicitation of an offer to purchase brokerage services to persons outside of the United States.

Advisory services may only be offered by an Investment Adviser Representative in connection with an appropriate Advisory Services Agreement and disclosure brochure as provided. Registered address: 5000 West 36th St, St. Louis Park, MN 55416.

Consult your legal or tax counsel for advice and information concerning your particular circumstances. Neither Cetera, nor any of its representatives may give legal or tax advice.