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An IRA is a program designed for tax-advantaged retirement planning (certain salary limits set by the government apply; contact your tax advisor). IRAs must be "funded" with a specific investment product of your choice, such as CDs, and mutual funds. IRAs offer a variety of uses:

• Saving for retirement if an employer doesn't sponsor a retirement program or sponsors a retirement program with only limited options.
• Directly rolling over your vested dollars from a company retirement program after leaving a job or retiring.

Also, there are two types of IRAs:

Traditional IRAs, which allow you to defer taxes until withdrawal.

• You may use tax or after tax dollars to make contributions.
• Your contributions up to $2,000 per year to your IRA may be tax deductible.
• A non-working spouse can also contribute up to $2,000 per year in a spousal IRA, which also may be tax deductible.
• Earnings from your contributions of either type are tax deferred.
• You pay taxes when you begin receiving your retirement income.
• You may begin receiving your income anytime after 59 1/2.
• Qualified rollovers from other plans are not currently taxable.

Roth IRAs, which allow you to contribute after-tax dollars - any gains are tax-free.

A Roth IRA can be established by individuals, under certain adjusted gross income limits, by means of an annual $2,000 contribution, or by rolling over one’s Traditional IRA into the Roth IRA, a process known as "conversion."

Not all IRA owners are eligible to convert or contribute to a Roth IRA.

Distributions from a Roth IRA can be completely tax-free (contributions and earnings) if certain requirements are met.

Contribution basis can removed at anytime tax-free.

The aforementioned material is a product and service listing and is not intended to be an offer for the sale of securities. Securities products are offered by prospectus.

Securities offered through Registered Representatives of Tower Square Securities, Inc, a securities broker/dealer (Member NASD/SIPC).  Bollinger Insurance is a separate entity from Tower Square Securities, Inc.

Craig Johnston, Aaron Katzoff, Paul Schilling, Shawn Hotz, Susan Shamlian, Paul Smith, and Natalie Summerfield are registered representatives of Tower Square Securities.  They are collectively registered for the sale of securities products in CA, NC, NJ, and NY and are licensed to sell life insurance products in all 50 states.  Craig Johnston's California Life and Variable license number is 0D25291

For more information please call Bollinger at 800-350-8005, extension 8153.