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What is an IRA?

An Individual Retirement Account (IRA) or “Traditional IRA” is a tax-deferred investment account designed to encourage individuals
to prepare for retirement as well as for their own financial security. All individuals with earned income or a spouse
with earned income who are under age 70½ are eligible to open an individual retirement account. 

Why consider an IRA?

You should plan to supplement Social Security and pension benefits with personal retirement savings because those two benefits combined may not provide the level of income that you will need in your retirement years. This is especially the case as life expectancies increase and individuals experience frequent job changes (with fewer employer pensions). In addition, there are also major tax advantages to establishing an IRA.  

Your Advisor can help you decide if an IRA is right for you.

To learn more, read our product brochure about the Individual Retirement Account (IRA)

 

Neither Foresters Financial nor its affiliates provide legal, tax or estate planning services. Should you require such services, you should consult a legal, tax or estate planning professional.  

For more information about mutual funds from Foresters Financial when planning your Traditional IRA, you may obtain a free prospectus by downloading it here, contacting your registered representative, or calling 800 423 4026. You should consider the investment objectives, risks, fees or charges, and expenses of the funds carefully before investing. The prospectus and summary prospectus contain this and other information about the funds, and should be read carefully before you invest or send money. An investment in these funds is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.

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