Start Investing for Retirement Today!
Opening an account with Westcore is easy. Visit the Open an Account section of our website for step-by-step guidance. Keep in mind that participation in Westcore’s Automatic Investment Plan allows you to open an account with a minimum $1,000 investment and as little as $25 per month.
Establishing an Individual Retirement Account (IRA) is an important step toward planning your financial future. By making regular annual contributions to your IRA you can create a nest egg for retirement while putting your assets to work on a tax-deferred basis.
You have many options for retirement savings and depending on your situation, you may be combining several in order to reach your goals. To meet your individual needs, Westcore offers both Traditional and Roth IRAs. Deciding which type of IRA is right for you is an important step in creating an effective financial plan for reaching your retirement goals.
The Traditional IRA was specifically created to help individuals save for retirement. Benefits include:
- Tax-sheltered earnings and interest on contributions up to the current $5,000 per year limit ($6,000 if you are 50 or older)
- Tax deductible contributions (subject to limitations based on income and participation in employee-sponsored plans)
More detailed information about IRA Accounts is available in our IRA Information Booklet.
The Roth IRA was specifically created to help individuals save for retirement. Benefits include:
- Tax-sheltered earnings and interest on contributions up to the current $5,000 per year limit ($6,000 if you are 50 or older)
- Tax-free withdrawals
- No limit on making contributions after age 70½
- No required minimum distributions after age 70½
More detailed information about IRA Accounts is available in our IRA Information Booklet.
