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Financial Retirement Planning Services

Securities and insurance products are:
NOT FDIC INSURED • NO BANK GUARANTEE • NOT A DEPOSIT • NOT INSURED BY ANY GOVERNMENT AGENCY • MAY LOSE VALUE

Saving for retirement

Planning for retirement is more than financial security—it’s helping you save and invest so you can have the life you want.

Need help choosing the right retirement account for you?

Connect with a financial advisor who can help you select the option that meets your needs.

Contact us today

INDIVIDUAL RETIREMENT ACCOUNT (IRA) OPTIONS

IRAs are savings and investment accounts with tax advantages that are designed to help you put away money to cover living expenses once you retire. IRAs can differ in benefits, timing and contributions, and both typically deal in stocks, bonds and mutual fund investment options.

Traditional IRA

The traditional IRA is a well-known means for providing tax-deferred retirement savings.

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    Contributions are made pre-tax

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    Contributions may be tax deductible

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    Earnings are tax deferred until withdrawn

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    Beginning with the 2020 tax year, contributions can be made at any age

Roth IRA

Roth IRAs can be a good choice if you have a lot of years until retirement or if you plan to pass your funds on to your heirs.

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    Contributions are made after-tax

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    Contributions are not tax deductible

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    Contributions can be made at any age

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    Withdrawals made after age 59½ are tax and penalty free, unless the account is less than five years old

MANAGEMENT OPTIONS FOR YOUR TRADITIONAL OR ROTH IRA1

Managed IRA

A professionally managed IRA may be the right choice for you if you want more insight and support in your investment selections over time.

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    You own your portfolio

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    Your financial advisor helps you make elections

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    Feel confident in your investments with a fiduciary at the helm

Self-directed IRA

If you have specific ideas on the asset types you want to invest in, a self-directed IRA will allow you to diversify your portfolio with unique options.

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    You can act as your own investment manager

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    These accounts require a custodian or trustee

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    There are asset type restrictions to be aware of

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Retirement Savings Calculator

Are you saving enough for retirement? Use this helpful calculator to analyze retirement savings variables.

Calculate Retirement Savings

Trusteed IRA: Combine the long-term control of a trust with the advantages of an IRA

We understand the importance of legacy and retirement planning—not just for today, but for the protection of family and loved ones in the years ahead. That’s why we offer an individual retirement trust, a unique estate planning option that incorporates the benefits of an IRA with the control and security of a trust.

  • Simplicity – A unique estate planning tool that combines the tax advantages of an IRA with the management and monitoring of a trust, all in one agreement
  • Control – IRA asset control during your lifetime, and fine-tuned management into the future with beneficiary designation options that provide control over beneficiary asset access and the ultimate distribution of the IRA
  • Ease – Freedom from the complicated IRS requirements involved in naming a trust as your IRA beneficiary
  • Efficiency – Avoid the costs of a custom-drafted standalone trust

If you are interested in rolling over, transferring or converting your retirement account, we can help you through the process.

Contact us today

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1Securities are offered through UMB Private Wealth Management. UMB Private Wealth Management is a division within UMB Bank, n.a. UMB Bank, n.a. is a subsidiary of UMB Financial Corporation.

NOT FDIC INSURED - MAY LOSE VALUE - NO BANK GUARANTEE