What You Need to Know about IRAs Before You Retire

A solid retirement plan starts with education. Let's break down some key retirement concepts.

An Individual Retirement Account (IRA) is a cornerstone of saving. Here are the three main types:

• Traditional IRA. You can deduct contributions from your taxes. You pay no taxes on earnings until you retire. When you withdraw money, you pay taxes on it as income.

• Roth IRA. You pay taxes on your contributions now. But when you retire, both your earnings and withdrawals are tax-free.

• SIMPLE IRA. This is for small businesses without other retirement plans. Both employers and employees can contribute. It’s easier to manage and has lower costs than a 401(k).

It’s important to remember that the earlier you start saving, the more you can grow your nest egg - even small amounts add up over time.

In thousands of school districts across the country, our retirement educators are helping teachers and school employees work towards the retirement of their dreams.  

We’ve been doing this for over a quarter of a century. 

But 75% of them are still not supplementing for their retirement and may fall short of their goals.

We need more people to join our team and help us reach more of these individuals who do so much for our children and our communities. Interested?  Message us