Individual Retirement Accounts (IRAs)
Even if you're years from retirement, now is the time to invest for your future. People are living longer and enjoying more active lives after they retire. At this point, it's easy to underestimate the amount of money you'll need during retirement. Sure, you'll have Social Security and maybe even a pension plan from your employer. But those are only supplements. With inflation and higher living expenses like health care, you need to plan for future expenses, not today's.
Whether or not you have a retirement savings account with your employer, you're always eligible for your own dedicated retirement account. An Individual Retirement Account (IRA) may be the perfect savings vehicle for you. The two most popular types of accounts are the Traditional IRA and the Roth IRA. Although both types of IRAs are attractive, you will need to determine if you are eligible and which one is most appropriate for you. You can find out more details on IRAs by viewing the following links, visiting your local HSBC Branch or contacting an HSBC Securities Financial Advisor at 1-800-662-3343.
| Features | ||
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| Traditional IRAs | Save for retirement with tax-deferred earnings and the potential for tax deductible contributions. | |
| Roth IRAs | Providing the benefits of tax-free withdrawals on your earnings without the worry of a mandatory age for taking distributions. | |
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Use this useful chart to help determine which IRA is most appropriate for you. |
Securities and annuities are provided by Registered Representatives and Insurance Agents of HSBC Securities (USA) Inc., member NYSE/FINRA/SIPC, registered Futures Commission Merchant, a wholly-owned subsidiary of HSBC Markets (USA) Inc. and an indirectly wholly-owned subsidiary of HSBC Holdings plc.
Insurance products are offered through Insurance Agents of HSBC Insurance Agency (USA) Inc., a wholly-owned subsidiary of HSBC Bank USA, N.A., an affiliate of HSBC National Bank USA, and an indirectly wholly-owned subsidiary of HSBC Holdings plc. Products and services may vary by state and are not available in all states.
Securities, Annuities and Insurance Products are:
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NOT A BANK DEPOSIT OR OBLIGATION OF THE BANK OR ANY OF ITS AFFILIATES |
NOT FDIC-INSURED |
NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY |
NOT GUARANTEED BY THE BANK OR ANY OF ITS AFFILIATES |
MAY LOSE VALUE |
HSBC Securities (USA) Inc. or any other member of the HSBC Group may from time to time underwrite, perform or seek to perform investment banking services for issuers or make a market or otherwise buy or sell as principal securities or other instruments, or together with the issuers directors, officers and employees may have either a long or short position in securities, commodities, currencies or other instruments or futures or options contracts convertible into securities or other instruments.
All decisions regarding the tax implications of your investment(s) should be made in connection with your independent tax advisor.
