While it may seem far off in the distant future, retirement will be here quicker than you can spell "Mississippi." The sooner you start saving, the sooner you can enjoy those weekend fishing trips and afternoon naps.
An IRA offers tax advantages and interest to grow your savings quickly. Talk to an Oxford University representative about which plan is best for your financial situation.
- Summary
- $500.00 minimum deposit to open
- Traditional IRA: Designed to provide tax benefits while you are still earning income
- ROTH IRA: Designed to provide tax benefits after retirement
- SEP IRA: Created as an inexpensive, easy way for employers to offer retirement plans. No employee limit
- Simple IRA: Limited to 100 or fewer employees
Speak with a tax advisor before opening your IRA to determine your eligibility and select the IRA that is right for you.