What is an IRA?

Side note:

Background music plays.

On Screen:

This video opens with a title: 'Ask a Money Mentor.'

On screen logo:

A J.P. Morgan Wealth Management logo appears.

On screen:

Images of a dark-haired advisor in a gray blouse appear as she interviews and laughs in a studio office.

Side note:

A bold disclaimer in a text box reads:

INVESTMENT AND INSURANCE PRODUCTS:

• NOT A DEPOSIT
• NOT FDIC INSURED
• NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
• NO BANK GUARANTEE
• MAY LOSE VALUE

A question appears over white:

Narrator:

What are the kinds of IRAs to consider for retirement goals?

The advisor speaks to the camera as text appears:

Nancy Sanchez, Advisor, J.P. Morgan Wealth Management.

Beside her, three containers are labeled Taxes, Traditional IRA, and Roth IRA.

Nancy Sanchez:

IRAs are Individual Retirement Accounts that you can open up yourself, unlike a 401(k) provided by your employer. The two main types of IRAs are Traditional and Roth.

Animated graphics illustrate her talking points.

Roth IRAs are funded with after-tax dollars.

A few bills from a stack of cash drop into an IRS box, and the rest slips into a folder labeled Roth IRA. The hands of a clock move in time-lapse.

So if you put in $1000, you can't take a deduction on that amount – but future gains may be tax free when you withdraw them.

The stack of cash triples and goes straight into a waiting hand.

With Traditional IRAs, you may be able to take a deduction, but if you do take that deduction now, the money will likely be taxed when you withdraw it.

The stack of cash drops straight into a Traditional IRA folder. Time passes, and it quadruples. Three stacks of cash drop into the waiting hand, while the fourth goes into the IRS box.

Traditional and Roth IRAs may be worth looking into as you plan for retirement. Just be sure to consider your own goals and circumstances.

Back to Nancy:

Speaking to a tax professional can help you decide.

A titled list appears over gray:

How To Compare Your IRA Options.

• IRAs are Individual Retirement Accounts.
• Traditional IRA contributions may be tax-deductible.
• Roth IRAs are funded with after-tax money.

The video closes with a logo over white:

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J.P. Morgan Wealth Management logo.

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Investing in securities involves market risk, including possible loss of principal, and there is no guarantee that investment objectives will be achieved. Outlooks and past performance is not a guarantee of future results.

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JPMorgan Chase & Co., its affiliates, and employees do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for tax, legal and accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any financial transactions.

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J.P. Morgan Wealth Management is a business of JPMorgan Chase & Co., which offers investment products and services through J.P. Morgan Securities LLC (JPMS), a registered broker-dealer and investment adviser, member FINRA and SIPC. JPMS and JPMorgan Chase Bank, N.A. (JPMCB) are affiliated companies under the common control of JPMorgan Chase & Co.