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.
You must have a such an IRA in your name to receive your employer's contributions. Under IRS rules, your employer directly deposits contributions into this account -- you can't contribute to a SEP IRA. You can only use a traditional IRA for your SEP, not a Roth account. Commingling Funds