1. Retirement Investments
It’s never too early to start preparing for your future.

2. Who Wants to be a Millionaire?
Harrison College Million Dollar Chart

3. Retirement Vehicles Individual Retirement Account (IRA) Traditional
Roth
SIMPLE
SEP

4. Traditional IRA Save money without paying taxes until you withdraw it
Money you put into the IRA can lower your taxable income
Grows tax-free while it's in the IRA account

5. Roth IRA Your contributions are not tax-deductible
Your earnings grow tax-deferred and withdrawals can be made tax-free
You don’t have to make annual withdrawals at a certain age
A Roth IRA could be the right choice for you if you expect to be in a higher tax bracket in the future
Limit Chart

6. 401k or 403b 401k Offered by profit companies
Employer may match up to .50 cents on the dollar
Tax-deferred
May pay rollover penalty (roll into Traditional IRA-not company to company)

7. 403b Employees of tax-exempt organizations
teachers, school administrators, school personnel, nurses, doctors, professors, researchers, librarians and ministers
403b plan can provide a healthy supplement to your pension

8. SIMPLE Savings Incentive Match PLan for Employees
Established by employer (can be self- employed), can offer to employees if have fewer than 100
Must be the only plan offered

9. SEP
In 2008 a Simplified Employee Pension IRA had a contribution limit of $46,000.
Contributions to a SEP IRA are generally 100% tax deductible.
Withdrawals after age 59 1/2 are taxed as ordinary income.
For small business owners with or without employees