Our retirement solutions are designed to help build and maintain your nest egg. Work with a Lowell Five Advisor to start your retirement savings or manage an existing plan.
- Traditional IRAs – Grow money tax deferred until you retire
Save money tax-deferred until your retirement and pay the taxes when you’re likely to be taxed at a lower rate. IRAs are entirely funded by you, unlike a 401(k) or pension, to which your employer often contributes. Depending on your earnings, you may get a tax deduction on the money you’ve deposited in your IRA for that year. More Information about Traditional IRAs
- Roth IRAs – Pay taxes now and withdraw tax free at retirement
Not everyone is eligible for a traditional IRA or you may simply prefer to pay your taxes now and have your money grow tax-free after that. With a Roth IRA, your earnings are tax-free at retirement. More Information about Roth IRAs
- SEP-IRAs – Simple retirement plans for the self-employed
Simplified Employee Pension plans allow you to create retirement accounts for yourself and a small number of employees without complicated government reporting requirements. You and any eligible employees each set up and control your own SEP-IRA. Contributions are tax-deductible up to a certain limit. More Information about SEP-IRAs
- Rollovers – Transfer or rollover existing retirement funds
If you’d like to move money you already have saved in a qualified retirement plan, L5 can help with options to move your assets and avoid penalties. Options for moving your IRA or employer-sponsored retirement plan include direct transfer, rollover, or direct rollover. More Information about Rollovers.
Retirement account options
Amplifier IRA CD
Our Amplifier IRA CD is a 12-month CD you can open with only $100. Designed to make it easy to save, features include a low minimum balance, a great interest rate, and a regular deposit schedule you control, so you can decide how much and how often to deposit.