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Traditional IRA

Proven steady growth

Why a traditional IRA?

Earnings can accumulate more quickly in a traditional IRA than in a taxable investment due to tax deferral. Depending on your circumstances, your contributions could be wholly or partially deducted from your taxable income. And since earnings grow tax-deferred, you don’t pay tax on the earnings until you take distributions from your account.

A traditional IRA can be the right choice

If you expect to retire to a lower tax bracket.

Your tax rate may be lower in retirement (when you’re making withdrawals) than it is during your working years (when you’re making contributions.)

Advantages of an Amica Life traditional IRA

  • Avoid additional fees – An Amica Life deferred IRA doesn’t have any front-end sales charges, service fees or annual administrative costs.    
  • Tax-deferred growth – With an IRA, you could earn more than in a taxable account with the same interest rate. 
  • Proven steady performance – Amica Life’s conservative investment portfolio has consistently resulted in a competitive yield with minimal risk.
  • Competitive fixed interest rates – are guaranteed, regardless of market or economic conditions.
  • Flexible payout choices – You choose a plan for receiving your money on the maturity date that best fits your lifestyle.
  • Stability – Amica Life has received an A+ (Superior) rating from AM Best*, a leading authority on insurance company financial stability.
  • Contribution limits – IRA contribution limits for tax year 2024 for you and your spouse are $7,000 per person.
  • Catch-up provision – For tax year 2024, individuals ages 50 and over can make an additional “catch-up” contribution of $1,000 per person.   

Planning your retirement doesn’t have to be complicated. Let’s talk.

Call 844-786-0697

to speak with an Amica Life annuity specialist today.  

Or request more information

View policy form numbers

Not available in all states. Before purchase of an IRA, you should consult with a tax advisor to ensure that you have selected the best options for your retirement. Guarantees are subject to the claims-paying rating of your insurer. Fixed annuities are not insured or guaranteed by any governmental agency that insures deposits.
* A+ (Superior) is the second highest of 13 company ratings. Ratings range from A++ (Superior) to D (Poor). AM Best's ratings measure an insurer’s financial strength.