IRA: More than Just Another Retirement Tool!

 

IRAs are not only a great way to save for retirement, they’re also a great way to save for any long-term goal. You can set up an IRA to save for any major life purchase, from your first home to college tuition. No matter what your goals are, we’ll help you work toward them. Denali offers multiple IRA options suited for different savings purposes. Check them out below to see which one is the best fit for you.


Traditional IRA Savings: The most common IRA helping people like you save for retirement

Get the account that has helped millions of people successfully build their retirement savings. The traditional savings account requires a minimum deposit of just $50 and comes with access to all of our Denali products and services. Like any other IRA, you’ll also receive monthly dividends.

Roth IRA: avoid paying taxes on your withdrawals

Since Roth IRA contributions are taken from after-tax income, the income you’ve already paid taxes on, you’ll later be able to make withdrawals without having to worry about paying taxes on the original contribution. Penalty-free withdrawals are available after the account has been open for five years, and you’ve at least reached the age of 59 ½.

Coverdell Educational Savings

If you or a family member will need to pay educational costs sometime in the future, a Coverdell Educational Account can help you prepare for the expense. Each year, you can contribute up to 2,000 after-tax dollars. All withdrawals will be tax-free, even the dividends you’ve earned, meaning you’ll get the most out of your money.

SEP IRA

Businesses that offer a retirement plan as part of employee benefits can improve the health of the company and provide an additional incentive for employees. SEP IRAs allow employers and employees to receive tax benefits on the account. Employers are able to deduct contributions, while employees receive the same advantages they would get with a traditional IRA.


To speak to someone about opening an IRA call us at 800-764-1123