IRA Accounts
Coast Central can help you prepare for the retirement you deserve. Few retirement options are as straightforward as IRAs, and we have a wide assortment to choose from.
Individual Retirement Accounts (IRAs) Information
Traditional & Roth IRAs
Changes to Existing Retirement Accounts
Other Savings Options
For Business
Use the table below to compare the features of each:
Individual Retirement Accounts
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Contributions are tax-deferred
Contributions are tax-deferred
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Contributions may be tax-deductible
Contributions may be tax-deductible
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Earnings are tax-free
Earnings are tax-free
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Used for
Used for
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Early withdrawal penalty before age 59.5
Early withdrawal penalty before age 59.5
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Must file a tax return to contribute
Must file a tax return to contribute
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Regular contributions allowed
Regular contributions allowed
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Withdrawals at any time (subject to tax)
Withdrawals at any time (subject to tax)
Traditional
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Contributions are tax-deferred
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Contributions may be tax-deductible
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Earnings are tax-free
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Used for
Tax-deductible contributions
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Early withdrawal penalty before age 59.5
-
Must file a tax return to contribute
-
Regular contributions allowed
-
Withdrawals at any time (subject to tax)
Roth
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Contributions are tax-deferred
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Contributions may be tax-deductible
-
Earnings are tax-free
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Used for
Saving & withdrawals
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Early withdrawal penalty before age 59.5
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Must file a tax return to contribute
-
Regular contributions allowed
-
Withdrawals at any time (subject to tax)
SEP
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Contributions are tax-deferred
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Contributions may be tax-deductible
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Earnings are tax-free
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Used for
Sole proprietors
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Early withdrawal penalty before age 59.5
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Must file a tax return to contribute
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Regular contributions allowed
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Withdrawals at any time (subject to tax)
ESA
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Contributions are tax-deferred
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Contributions may be tax-deductible
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Earnings are tax-free
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Used for
Education*
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Early withdrawal penalty before age 59.5
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Must file a tax return to contribute
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Regular contributions allowed
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Withdrawals at any time (subject to tax)
**
HSA
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Contributions are tax-deferred
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Contributions may be tax-deductible
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Earnings are tax-free
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Used for
Medical expenses
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Early withdrawal penalty before age 59.5
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Must file a tax return to contribute
-
Regular contributions allowed
-
Withdrawals at any time (subject to tax)
**
**distributions are tax-free
Note that none of these accounts may be used as loan collateral
More about IRAs and related services.
Financial Planning
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