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Custom Welcome Message

Due to security updates, the Custom Welcome Message will no longer be available as of February 26.

Click here for details.

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Welcome. For enhanced security, you can add your own Custom Welcome Mesage that will be displayed in this space each time you access 
				Wescom.org from the same computer. If you have already created a Custom Message through eBranch, you will need to create a second one to be displayed in this space on Wescom.org. You wil then have two Custom Messages, one visible in eBranch and a seperate one visible here.

Roth IRA

Reach your long-term savings goals with an Individual Retirement Account (IRA).

What is a Roth IRA?

With a Roth IRA, contributions are not tax-deductible, but all distributions from the IRA are tax-free. In fact, with a Roth IRA, you can take qualified tax-free distributions as soon as five years after your first contribution. Qualified distributions include those:

  • For first-time home buyer expenses, up to $10,000
  • After reaching age 59 1/2
  • In the event of death or disability

And, with the Roth IRA, you no longer have to take a minimum distribution when you reach age 70 1/2.

Singles earning less than $118,000 per year, or couples earning less than $186,000 annually, can contribute up to $5,500 per year (including contributions to other IRAs); those contributions phase out at higher income levels.

To enable older participants to “catch up” with their retirement savings, individuals 50 and older can contribute $6,500 per year.

Is the Roth IRA right for you? Should you roll your existing IRAs into Roth IRAs? As a general rule, the Roth IRAs’ tax-deferred compounding benefits younger workers most, but ask your tax advisor for advice about your specific situation.

To find out more about the IRA options that are right for you, give us a call at 1-888-4WESCOM (1-888-493-7266).