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.
Within IRS limits, contributions into a SEP IRA are generally 100% tax deductible to the employer. SEP IRA contributions are made by the employer into their own SEP as well as to the individual SEP account of each eligible employee. Investment earnings grow tax deferred.