First Republic Private Wealth Management includes First Republic Trust Company; First Republic Trust Company of Delaware LLC; First Republic Investment Management, Inc., an SEC-Registered Investment Advisor; and First Republic Securities Company, LLC, Member FINRA/ SIPC.
Contributions to a traditional IRA reduce your AGI (Adjusted Gross Income) and lower your taxes. Your contribution must be made by April 15 following the tax year to be deductable. Contributions to a Roth IRA do NOT reduce AGI and do not lower your current taxes.
Employer-driven savings. SEP-IRAs are funded only by employer contributions; employees canât contribute on their own behalf. The accounts let you set aside much more money than most other retirement accounts; in 2015 and 2016 you can contribute up to 25% of compensation or $53,000, whichever is lower.