Individuals are encouraged to seek advice from their financial, legal, tax and other appropriate advisers before making any investment or financial decisions or purchasing any financial, securities or investment related product or service, including any product or service described in these materials. Amundi Pioneer does not provide investment advice or investment recommendations.
Your clients' contributions to a Traditional IRA may be tax-deductible, depending on their income and whether they participate in a retirement plan at work. Use our Guide to Traditional IRA Deductions to check the IRA deductibility options for your client.
If your clients are eligible for a tax deduction, their current-year tax bill could shrink every time they invest. For example, if they are in a 28% tax bracket and make a $5,500 deductible contribution to a Traditional IRA, they could save $1,540 on their taxes that year.
Regardless, all earnings in a Traditional IRA grow tax-deferred. Investors don't pay taxes until they withdraw their money, which usually is during retirement when they may be in a lower tax bracket.
Before investing, consider the product's investment objectives, risks, charges and expenses. Contact your advisor or Amundi Pioneer for a prospectus or summary prospectus containing this information. Read it carefully. To obtain a free prospectus or summary prospectus and for information on any Pioneer fund, please download it from our web site.