Retirement Planning Investing for Retirement What’s more important than planning for your future? Now more than ever it’s important to plan for what you’ll need tomorrow. We’ll help you sort through the alternatives. With an IRA through Citizens Investment Services, you control how and where your money is invested. Self-directed Traditional IRAs and Roth IRAs deliver more options, allowing you to choose from a spectrum of stocks, bonds, mutual funds, unit investment funds and more! Traditional IRA The Traditional IRA may be an excellent tax-advantaged vehicle for you to consider as you build your retirement savings.It allows you to take advantage of tax-deductible contributions and build your assets on a tax-deferred basis. You pay no taxes on Traditional IRA earnings until distribution. This allows you to reap the full benefits of compounding. Contributions to Traditional IRAs are tax deductible up to certain income limitations, giving you yet another tax privilege.Wide range of investment choicesEasy-to-read, consolidated monthly statements documenting activity and holdingsSimplified single account with one annual fee Roth IRA The main advantage of a Roth IRA is its tax structure. While you cannot deduct contributions to a Roth IRA, qualified distributions are tax free if you satisfy specific requirements.Any existing Traditional IRA account balances may be converted into a Roth IRA. This may allow your earnings to accumulate tax-free. The amount converted will be subject to income taxes. Please seek advice from a legal or tax advisor when considering whether this is a beneficial option for you. Neither Citizens Investment Services, nor any of its representatives may give legal or tax advice.Wide range of investment choicesEasy-to-read, consolidated monthly statements documenting activity and holdingsSimplified single account with one annual feeFreedom to combine contributed Roth assets with converted Roth assets in the same account Annuities An alternative to a retirement savings plan, annuities offer the benefits of tax-deferred growth with no annual contribution limit, withdrawal flexibility at retirement, and a variety of income choices. A 10% IRS penalty may apply to withdrawals prior to age 59 ½.Annuities are a popular choice for investors who are seeking a steady income stream in retirement. The income received from an annuity can be doled out monthly, quarterly, annually, or even in a lump sum payment. Money invested in an annuity grows tax-deferred. When a withdrawal is made, the amount you contributed to the annuity is not taxed; only your earnings are taxed at your regular income tax rate. A Bucket Plan to Go with Your Bucket ListA bucket plan can help you be better prepared for a comfortable retirement. Retirement Plan DistributionsThere are a number of ways to withdraw money from a qualified retirement plan.Retirement Plan Distributionsaking your Social Security benefits at the right time may help maximize your benefit.