IRAs and Roth IRAs

IRAs and Roth IRAs

  • Safe, Secure, Steady Retirement Investment Growth
  • Guaranteed Monthly Income Payment Option

3.25% current variable rate

For more detailed information on IRAs and Roth IRAs, Click here

  • Tax deferred growth (See below chart for your effective growth rate)
  • Minimum initial deposit of only Three Hundred ($300) Dollars
  • Additional deposit minimum of only Fifty ($50) Dollars*
  • Interest rates will always compare favorably with CDs
  • 3.0% guaranteed minimum, regardless of how low bank or bond rates go
  • No term limits and no more CD term renewal or poor interest rate worries
  • No expense or administrative cost loads or charges
  • Freedom to select the time and method of withdrawal**

TRADITIONAL and ROTH IRAs ARE THE WAY:

  • To build a safe, financially secure retirement
  • To enjoy the benefits of tax deferral
  • To provide for your family after your death, even if you do not make any withdrawals*
  • To leave a significant estate for your loved ones
  • To save for the family’s educational needs
  • To save for a qualified first-time home purchase
  • To leave a legacy for your favorite charity
  • To establish a safe guaranteed vehicle for your 401(k) rollovers or qualified pension plan rollovers
  • To set a steady retirement income for your lifetime

ROTH IRA-s WILL ALSO GIVE THE BENEFITS OF:

  • Completely tax free income growth and withdrawals
  • Allowed contributions beyond age 70.5
  • No required withdrawals

IRA-s WILL ALSO GIVE THE BENEFITS OF:

  • Tax deductions in the full amount of any deposits
  • Allowed withdrawals for long-term disability or catastrophic medical conditions for which there is no prognosis of recovery

*Deposits into IRAs are limited to $5,500, or $6,500 for persons over 50; there may be other earned income and participation in qualified plan limitations – consul your tax advisor

*Deposits into IRAs and Roth IRAs are limited to $5,500, or $6,500 for persons over 49 years of age; there may be other earned income and participation in qualified plan limitations – consult your tax advisor

**Traditional IRAs force partial withdrawals at age 70.5

INTERESTED IN APPLYING FOR AN IRA, ROTH IRA, OR ANNUITY?

Click Here

CHOOSE SUPPLEMENTAL ANNUITIES:

  • Set aside additional retirement funds to supplement your IRAs and pensions: open an annuity account
  • VARIABLE INTEREST RATE: 3.25% tax-deferred
  • 3% minimum interest guaranteed

EFFECTIVE GROWTH RATES OF PROVIDENCE ANNUITIES

(at the guaranteed minimum 3.25% rate)

The tax-deferred or tax-free features of a Providence IRA, Annuity or Roth IRA generate a higher effective growth rate than 3.25%, since the growth is not diminished by tax payments)

 

Federal Tax Bracket             Providence Rate           Effective Growth Rate

39.6%                                      3.25%                            5.30%
35%                                         3.25%                            5.00%
33%                                         3.25%                            4.85%
28%                                         3.25%                            4.51%
25%                                         3.25%                            4.33%
15%                                         3.25%                            4.01%
10%                                         3.25%                            3.61%

 

News

01
Jun

Annuity Rate

Click here to view our tax deferred or exempt interest rate information!    

24
May

KOTUR Application

Click here to access the Application

22
May

Visit from seminarians from St. Basil Seminary

Three seminarians from St. Basil Seminary in Stamford, CT visited Providence Association!

22
May

Bishop Soter Ortynsky Academic Scholarship Program

BENEFITS   The Providence will award up to five (5) one (1) time scholarships of $1,000 to eligible members.     ELIGIBILITY AND REQUIREMENTS FOR ACADEMIC SCHOLARSHIP   Each applicant must be a member in good standing of the Providence …