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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)

  • Traditional IRA
  • Roth IRA
  • Simplified Employee Pension (SEP)
  • Coverdell Education Savings Account (ESA)
  • Health Savings Account (HSA)

Use the table below to review the features of each:

Individual Retirement Accounts

  • Contributions are tax-deferred

    Contributions are tax-deferred

  • Contributions may be tax-deductible

    Contributions may be tax-deductible

  • Earnings are tax-free

    Earnings are tax-free

  • Used for

    Used for

  • Early withdrawal penalty before age 59.5

    Early withdrawal penalty before age 59.5

  • Must file a tax return to contribute

    Must file a tax return to contribute

  • Regular contributions allowed

    Regular contributions allowed

  • Withdrawals at any time (subject to tax)

    Withdrawals at any time (subject to tax)

Traditional

  • Contributions are tax-deferred

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  • Contributions may be tax-deductible

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  • Earnings are tax-free

  • Used for

    Tax-deductible contributions

  • 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)

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Roth

  • Contributions are tax-deferred

  • Contributions may be tax-deductible

  • Earnings are tax-free

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  • Used for

    Saving & withdrawals

  • Early withdrawal penalty before age 59.5

  • 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)

SEP

  • Contributions are tax-deferred

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  • Contributions may be tax-deductible

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  • Earnings are tax-free

  • Used for

    Sole proprietors

  • 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)

ESA

  • Contributions are tax-deferred

  • Contributions may be tax-deductible

  • Earnings are tax-free

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  • Used for

    Education*

  • Early withdrawal penalty before age 59.5

  • Must file a tax return to contribute

  • Regular contributions allowed

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  • Withdrawals at any time (subject to tax)

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HSA

  • Contributions are tax-deferred

  • Contributions may be tax-deductible

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  • Earnings are tax-free

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  • Used for

    Medical expenses

  • Early withdrawal penalty before age 59.5

  • Must file a tax return to contribute

  • Regular contributions allowed

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  • Withdrawals at any time (subject to tax)

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*Beneficiary must be a minor
**distributions are tax-free
Note that none of these accounts may be used as loan collateral

IRA Documents

More about IRAs and related services.

Financial Planning

Work toward your financial goals and dreams with professional planning and advice.
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