Tax deferred retirement accounts are one of the most effective ways
of saving for retirement. You not only don’t have to pay taxes
on the money you put in, but your investment earnings will compound
tax-free until you reach retirement age and start withdrawing the
funds. Through your ADA membership, you have a variety of tax-deferred
retirement accounts from which to choose.
The ADA Members Retirement Program offers a Profit Sharing Plan
with a choice of four 401(k) options—a traditional
401(k), the SIMPLE 401(k), the Safe Harbor
401(k) and the Owners 401(k) for dentists who have
no employees. You also have 12 options for
investing your money including mutual funds
offered by Alliance Capital, Fidelity, Templeton,
Putnam, Strong and Western Asset and fixed
income options offered by the AXA Equitable Life and Metropolitan
Life Insurance Companies.
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ADA-Endorsed Individual Retirement
Account
The ADA-endorsed IRA Program offers Traditional or Roth IRAs, Rollover
IRAs, and for business owners, SEP or SIMPLE
IRAs. The ADA-endorsed IRA offers you a choice
of 16 investment options. For information,
call the Plan administrator, AXA Equitable
Life Insurance Company, at 800-248 2138.
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