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Walter Parenti and Ester Viti are Registered Representatives of Equity Services, Inc. and offer securities in Illinois. They are also insurance-licensed in Illinois.
Securities are offered solely by Equity Services, Inc., Member FINRA/SIPC, Registered Broker/Dealer, 19 South LaSalle Street, Chicago, IL 60603 (312) 236-2500
Viti Financial, Guy Viti Insurance and all other entities and individuals referenced are independent of Equity Services, Inc. unless otherwise noted.
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IRA: An individual retirement account, or IRA, is the only kind of tax-advantaged retirement account that can be opened by virtually anyone.
You can contribute up to $3,000 for tax year 2003 to an IRA, as long as you earn $3,000 a year or more. The money you invest may or may not be tax deductible, depending on how much you earn and whether you are married.
Regardless of whether you can deduct the contribution from your annual income tax bill, the money you put into the account will grow tax-free until you start making withdrawals. Most people wait until they are at least 591/2 years old before they begin pulling money out of their IRAs, because the Internal Revenue Service usually levies a 10% “early withdrawal” penalty on money withdrawn sooner.
Walter Parenti
walterp@guyviti.com
Ester Viti
esterv@guyviti.com
Viti Financial Services
P.O. Box 699
Highwood, IL 60040
Phone: 847-432-8484
Fax: 847-433-2858
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