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Individual Retirement Plans

It’s never too late to start saving for retirement. We offer several retirement plans to individuals to help you reach your retirement goals.

If you are self-employed, you may choose from the options below -- or ask us about Employer Retirement Plans, which are also available to sole proprietors.

Individual Retirement Accounts (IRAs)

IRAs offer a tax-deferred way to save for retirement. We can help you choose from Traditional, Roth and Educational to find the option that is best for you.

Simplified Employee Pension (SEP)

SEPs are IRAs with increased contribution limits. These plans are best for self-employed individuals who are looking to save more than allowed in traditional IRAs, but do not want to establish a Profit Sharing or 401(k) Plan.

Simple IRAs

Rather than choosing a safe harbor 401(k) plan, a sole proprietor with employees may decide a SIMPLE IRA is a better choice. Like the safe harbor 401(k), the SIMPLE IRA allows the owner and participants to make annual salary deferrals, but with lower annual limits than the 401(k), and an employer contribution is required. We will provide you with a contribution analysis to determine which option is a better fit for you.


For more information on Individual Retirement Plans, contact any of our locations or call (518) 793-4121.