Traditional IRA

With a Traditional IRA at Webster, you can save on taxes today so you can invest more for tomorrow.

  • Fast Facts
  • Annual tax deductions*
  • Tax-deferred savings
  • Automatic distribution at age 70 ½

You have a vision for your retirement years. Now it’s up to you to make sure that vision becomes a reality. With a Traditional IRA from Webster you can put more of your money towards retirement now, let your savings grow tax-deferred, and benefit from yearly tax deductions on your contributions.

Let Webster help you secure the retirement you deserve with a Traditional IRA.

Is a Traditional IRA Right for You?

If you’re looking for ways to grow your nest egg beyond a 401(k), Social Security, or pension, a Traditional IRA may be able to help. To qualify, you just need to be employed and under the age of 70, and there are no income limits to contribute if you’re not covered by a retirement plan at work. You should consider opening a Traditional IRA if you:

  • Plan on being in a lower tax-bracket once you retire
  • Prefer a tax-deduction upfront and to pay taxes during retirement
  • Don’t plan on withdrawing funds before turning 59 ½
  • Qualify for income tax deductions on all or part of your contributions
  • Aren’t covered by an employer’s qualified retirement plan

Traditional IRAs Can Offer You

  • More earning potential as interest accumulates and grows tax-deferred
  • Penalty-free regular distributions that can begin at age 59 ½
  • A way for non-working spouses to establish their own account
  • The flexibility to contribute to a 401(k) at the same time
  • An additional stream of income to supplement your retirement
  • The option to convert to a Roth IRA

Keep in Mind

  • Taxes will be due with conversion from Traditional to Roth IRAs
  • Premature distributions of contributions are subject to IRS penalties
  • Withdrawals before age 59½ may be subject to a 10% penalty fee

Consult tax advisor/professional regarding your specific situation.

Need personalized investment advice? Have a Financial Consultant contact you.

To learn more about our Traditional IRAs, please call us at 1-888-493-2783, option 4 or visit a Webster branch near you.

 

Securities and Insurance Products:

 Not FDIC Insured Not Bank Guaranteed  May Lose Value 
 Not a Bank Deposit  Not Insured by any Federal Government Agency 

 

Securities offered through LPL Financial, member FINRA/SIPC. Insurance products offered through LPL Financial or its licensed affiliates. Webster Bank, N.A. and Webster Investments are not registered broker/dealers and are not affiliated with LPL Financial.

 

The LPL Financial Registered Representatives associated with this site may only discuss and/or transact securities business with residents of the following states: NY, CT, MA & RI.

 

The Webster Symbol and Webster Investments are registered trademarks of Webster Bank, N.A. registered in the U.S. Patent and Trademark Office.

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