M&T Bank : Planning for Retirement with IRAs
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Planning for Retirement with IRAs

An Individual Retirement Account (IRA) is a popular retirement plan that provides tax-advantaged savings for retirement. It can be used as an effective way to supplement other long-term savings vehicles. While your money is in an IRA, you don't pay any current income tax on the interest, dividends or capital gains earned. This means that your savings can compound more quickly than in a taxable account. Through an IRA you can invest in a variety of options such as mutual funds, individual stocks or traditional deposit products such as CDs.

IRA Comparison
There are two types of IRAs available for your annual contributions: Traditional IRAs and Roth IRAs.

  • Traditional IRA - A tax-deferred personal savings plan that allows income earners to make annual contributions, which may be tax-deductible.
  • Roth IRA - A personal savings plan that allows qualified investors to make non-deductible annual contributions with after tax dollars and to withdraw principal and earnings tax-free under certain conditions. 

Retirement Plan Rollovers
Whether you are retiring or changing jobs you have some decisions to make concerning the money in your retirement plan. An IRA rollover can help you consolidate your retirement plan and defer taxes.

Contact Us
Learn more about traditional IRAs, Roth IRAs, IRA rollovers and IRA consolidations. To speak with an M&T Securities registered representative, contact us online for personal or business needs, or stop by any M&T Bank branch today. We can also be reached at 1-800-724-9949.

Investment and Insurance Products: • Are NOT Deposits • Are NOT FDIC-Insured • Are NOT Insured
By Any Federal Government Agency • Have NO Bank Guarantee • May Go Down In Value

Brokerage services and insurance products are offered by M&T Securities, Inc. (member FINRA/SIPC), not by M&T Bank.
 
M&T Securities, Inc. is licensed as an insurance agent and acts as agent for insurers. Insurance policies are obligations of the insurers that issue the policies. Insurance products may not be available in all states.
 
The content of this page is for informational purposes only and is not intended to offer any tax, legal or financial advice. Please consult with the professionals of your choice to discuss your situation.
 
 
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