Individual Retirement Accounts (IRAs)

Is your IRA guaranteed to grow? IRAs from Deo Family Life are. Whether you choose a Traditional, Roth, SEP or SIMPLE IRA, your money will increase with Deo Family Life.

Traditional IRA
If you qualify, your contributions to a Traditional IRA are tax-deductible. For 2006 and 2007, up to $4,000 can be deducted. Taxpayers over age 50, may contribute an extra $1,000 for 2006 and 2007.

Roth IRA
Contributions to a Roth IRA are NOT tax-deductible. The principal benefit of a Roth IRA is that qualified withdrawals are tax-free. Additionally, there are no mandatory withdrawals at age 70 1/2. To learn more, click the link, or talk to an Deo Insurance agent.

SEP-IRA or SIMPLE IRA
Are you self-employed? A SEP-IRA or a SIMPLE IRA could make sense. These “employer-sponsored” IRAs have special rules and additional benefits like higher contribution limits.

Are you changing jobs? You can transfer money from a 401k or other qualified plan to an Deo Family Life IRA without paying tax. Your local Deo Agent has the details.

Interested in converting your Traditional IRA to a Roth IRA? Your Deo Insurance agent can tell you about the special rules that apply.

Need Help Choosing a Plan?
Contact your Deo Insurance agent. He or she will be happy to explain each plan in greater detail.

*Deo Family Life products are not available in all states.