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Traditional IRA - Roth IRA - Rollover IRA - SEP IRA - SIMPLE IRA
403(b) - 401(k)

With a wide assortment of retirement plans, our Financial Consultants can find you one that best fits your individual needs. For more information email a Financial Consultant, or call 310-536-5042 or 877-254-9328, option 6, or click one of the links below.

Traditional IRA

Traditional IRAs allow individuals to make annual contributions up to a specified maximum limit. With traditional IRAs your earnings grow tax-deferred until they are withdrawn. Distribution must begin by age 70-1/2. The funds are included in your income at the time of withdrawal and may be subject to a 10% early withdrawal penalty if you are under the age of 59-1/2. Additionally, traditional IRAs allow some people to deduct their IRA contributions from their current income taxes.

For more information, please email a Financial Consultant or call 310-536-5042 or 877-254-9328, option 6.

Roth IRA

As long as your income doesn't exceed a certain level, you can contribute to a Roth IRA. With Roth IRAs, your earnings grow tax-free, but they cannot be deducted from your current income taxes. However, withdrawals are not subject to taxes or penalties as long as you meet specific requirements. You may continue to make regular contributions after you turn 70-1/2. There are no requirements to begin distributions at a specific age during the account owner's lifetime.

For more information, please email a Financial Consultant or call 310-536-5042 or 877-254-9328, option 6.

Rollover IRA

If you retire or change jobs, you may be eligible for a distribution from your employer's retirement plan. With a Rollover IRA, you can move money directly from your employer-sponsored retirement plan to another investment vehicle. By rolling over your eligible distribution directly to a Rollover IRA, you avoid a possible 10% early withdrawal penalty, and a mandatory 20% withholding for federal income taxes. You may also roll your distribution into your new employer's 401(k) plan.

For more information, please email a Financial Consultant or call 310-536-5042 or 877-254-9328, option 6.

SEP IRA

A Simplified Employee Pension Plan, commonly known as a SEP IRA, is a retirement plan specifically designed for self-employed individuals and small business owners. With this plan, contributions are made into the SEP IRA and set up on behalf of each employee. Contribution limits are higher for a SEP IRA than a traditional IRA and the money you contribute to a SEP IRA is tax-deductible. Plus, your investment earnings grow tax-deferred until you withdraw the money at retirement.

For more information, please email a Financial Consultant or call 310-536-5042 or 877-254-9328, option 6.

SIMPLE IRA

A SIMPLE IRA is a retirement plan designed for a self-employed individual or a small business owner. It is very similar to a traditional IRA except with a SIMPLE IRA you can contribute more, and employer-matching contributions are allowed. In the case of a self-employed person, you can contribute as an individual, and your company can match your contributions dollar-for-dollar as long as you do not exceed the annual contribution limits. Another value-added benefit is that the SIMPLE plan you set up now can grow with your company (up to 100 employees).

For more information, please email a Financial Consultant or call 310-536-5042 or 877-254-9328, option 6.

403(b) Plans

Educational institutions including public school systems, public colleges and universities, and tax-exempt organizations can utilize 403(b) plans. When you contribute to a 403(b) plan, you are taking advantage of tax-deferred savings for retirement. With this plan, your contributions are deducted from your paycheck each pay period before taxes. There are two basic types of 403(b) plans: Salary Deferral and Employer Contribution.

For more information, please email a Financial Consultant or call 310-536-5042 or 877-254-9328, option 6.

401(k) Plan

401(k) plans are retirement vehicles set up by employers that allow employees to save for their own retirement. This plan is named for section 401(k) of the Internal Revenue Code, which permits employees of qualifying companies to set aside pre-tax money into an account where it will grow tax-deferred. At retirement, the IRS requires you to pay taxes on your original contributions as well as earnings. Should you change jobs, most 401(k) plans are portable and can be rolled over to a self-directed plan (see Rollover IRA) or into your new employer's 401(k) plan.

For more information, please email a Financial Consultant or call 310-536-5042 or 877-254-9328, option 6.

Securities and annuities transactions are offered through XCU Capital Corporation, Inc., member NASD, SIPC. Insurance is offered through Focus Insurance Agency, Inc., a wholly owned subsidiary of XCU Corporation, Inc., license number in California is #0727864.
Investment and insurance products are not credit union deposits, are not insured by the NCUA or any federal government agency, are not obligations of or guaranteed by Western, or XCU Capital Corporation, Inc., or Focus Insurance Agency, Inc., and subject to investment risks, including possible loss of principal amount invested.