IRAs for your retirement strategy

There are quite a few ways an IRA can work for you, so consider all of your options.

An individual retirement account (IRA) can be a tax-advantaged way to invest for retirement. It can serve as your primary means of investing for retirement, or you may be able to open one in addition to your employer's plan. When you have a retirement account with a former employer, sometimes it can make sense to roll your assets into an IRA to give you a bit more freedom.

Interested in an IRA? Here are some options.

Pretax, lowers current taxable income

Contributions to a traditional IRA are generally tax-deferred, meaning they will reduce taxable income during the years contributions are made. Any earnings on investments are also tax-deferred.

Save on taxes later

A Roth account lets you put a different tax twist on your retirement strategy. Follow the rules, and withdrawals aren't taxed.

Independence and control

When you leave a job, you have a decision to make about the money in your retirement plan. You have four main options. A rollover is one of them.


The role of the retirement planning consultant is to assist you with your retirement plan. There are no additional charges for meeting with a transfer specialist, who is a registered representative with Transamerica Investors Securities Corporation (TISC), member FINRA, 440 Mamaroneck Avenue, Harrison, NY 10528. Investment advisory services are offered through Transamerica Retirement Advisors, LLC (TRA), registered investment advisor.

Review the fees and expenses you pay, including any charges associated with transferring your account, to see if rolling over into an IRA or consolidating your accounts could help reduce your costs. Employer-sponsored retirement plans may have features that you may find beneficial such as access to institutional funds, fiduciary-selected investments, and other ERISA protections not afforded other investors. In deciding whether to do a transfer from a retirement plan, be sure to consider whether the asset transfer changes any features or benefits that may be important to you.