Is your IRA* guaranteed to grow? IRAs from Erie Family Life are. Whether you choose a Traditional, Roth, SEP or SIMPLE IRA, your money will increase with Erie Family Life. IRAs are funded with a fixed rate annuity. Check our current interest rates.
Traditional IRA – If you qualify, your contributions to a Traditional IRA are tax-deductible. For 2013, up to $5,500 can be deducted. Taxpayers over age 50, may contribute an extra $1,000 for 2013.
Roth IRA – Contributions to a Roth IRA are not tax-deductible. The principal benefit of a Roth IRA is that qualified withdrawals are tax-free. Additionally, there are no mandatory withdrawals at age 70 1/2. To learn more, click the link, or talk to an Erie Insurance Agent.
SEP-IRA or SIMPLE IRA – Are you self-employed? A SEP-IRA or a SIMPLE IRA could make sense. These “employer-sponsored” IRAs have special rules and additional benefits like higher contribution limits.
Are you changing jobs? You can transfer money from a 401k or other qualified plan to an Erie Family Life IRA without paying tax. Your local Erie Agent has the details.
Interested in converting your Traditional IRA to a Roth IRA? Your Erie Insurance Agent can tell you about the special rules that apply.
Need Help Choosing a Plan? Contact your Erie Insurance Agent. He or she will be happy to explain each plan in greater detail.
*Life insurance and annuity products are not available in New York. Refer to our Disclaimer for additional information.
Start Saving Today
September is Life Insurance Awareness Month.
It’s the perfect time to remind ourselves to plan ahead for the ones we love.