IRA Accounts
Build your own retirement future with an IRA account at Wyse Securities
Click here for IRA and finance calculators.
We offer you:
No minimum investment.
A wide variety of investment choices are available.
You can invest in Stocks, Bonds, Mutual Funds, Options, even CDs or Money Market Funds.
We charge low commissions and provide professional service.
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Wyse Securities offers all kinds of IRA plans
Traditional IRA
The Traditional IRA can be used to defer taxation on current income until after age 59 ½, when you are permitted
to begin taking distributions. Contributions of up to $3000 annually may be deducted from your ordinary income.
Taxes on profits are deferred until you take distributions.
Click here for additional information on Traditional IRAs.
Roth IRA
Individuals with adjusted gross income (AGI) up to $110,000, and married couples with AGI up to $160,000, are eligible
to make contributions of up to $3000 annually. Unlike a Traditional IRA, Roth IRA contributions are made with after-tax
dollars, and are not deductible. The beauty of investing your money in a Roth IRA is that qualified distributions
are not taxed. So, the profits you make are tax-free if qualified.
Click here for additional information on Roth IRAs.
Rollovers
Rollovers are tax-free distributions of cash or other assets from one retirement plan that are contributed to another retirement plan within 60 days.
There are two kinds of rollover contributions.
In one, you put amounts you receive from one traditional IRA into the same or another Traditional IRA.
In the other, you put amounts you receive from an employer's qualified retirement plan into a Traditional or Rollover IRA.
Coverdell Education Savings Account
An Coverdell Education Savings Account is a vehicle to invest for a child’s future education.
Until the child reaches the age of 18, contributions up to $2000 per year are allowed.
(For married couples earning under $160,000 per year, and individuals earning under $110,000 per year, adjusted gross income).
Although contributions are not tax-deductible, investments grow free of taxes.
Distributions can be used to pay for elementary and secondary education, as well as college, including private schools.
Click here for additional information on Coverdell Education Savings Accounts.
SEP IRA
A Simplified Employee Pension (SEP) is a plan that allows an employer to make deductible contributions for the benefit of participating employees.
The contributions are made to individual retirement accounts set up for participants of the plan.
Under a SEP, traditional IRAs must be set up for each qualifying employee.
Click here for additional information on SEP IRAs.
SIMPLE IRA
SIMPLE stands for Savings Incentive Match Plan for Employees.
A SIMPLE plan is a tax-favored retirement plan that certain small employers (including self employed individuals)
can set up for the benefit of their employees.
A SIMPLE plan is a written agreement (salary reduction agreement) between you and your employer that allows you,
if you are an eligible employee, to choose to reduce your compensation by a certain percentage each pay period,
and, have your employer contribute it to a SIMPLE IRA on your behalf.
Click here for additional information on simple IRAs.
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