Bishop Street Funds No Annual Fee IRA: The ideal vehicle for reaching your destination
Bishop Street investment options for your IRA - the building blocks of a solid retirement plan.
Bishop Street Funds are grouped into four different investment categories, each with its own risk level and reward potential.
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*The performance quoted herein represents past performance and investment return, yield and principal value will fluctuate. An investment in the fund [money market funds] is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the fund(s) seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund(s). Total return assumes reinvestment of dividends. |
To learn more about a specific fund click here.
Asset allocation for your IRA
You can choose to utilize the FutureQuest® asset allocation program as an investment vehicle for your IRA investing dollars. Based upon your goals, risk preferences and time frame, FutureQuest allocates your portfolio across an array of mutual funds, including Bishop Street Funds, in different sectors. Your portfolio is then systematically rebalanced on a regular basis to keep your original allocations intact. Talk with a financial consultant for more information about how asset allocation with FutureQuest can help you reduce risk while striving to maximize your returns.
Choose the type of IRA that fits your needs.
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Traditional IRA - With this, the most common type of
IRA, you can contribute up to $2,000 (or 100% of your taxable compensation, whichever is less*) per
year until reaching age 70 1/2.
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Roth IRA - You can establish a new Roth
IRA, or you can convert Traditional IRA assets into a Roth IRA provided you meet the income criteria.
With a Roth IRA, you can continue contributing past the age of 70 1/2 (as long as you have earned income).
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Spousal IRA - A working spouse can open an IRA in the name of a non-working
spouse and contribute up to $2,000 per year. However, the maximum combined contribution to both a
Traditional IRA and a Spousal IRA is $4,000 of earned income.
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Transfer IRA - You can directly transfer assets from one IRA to another,
without incurring any taxes or penalties, as long as you do not take physical receipt of your assets.
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Rollover IRA - This type of IRA involves the “rolling over” of previously
invested retirement money. If you take physical possession of these assets rather than rolling them
over, you face signifigant tax penalties:
For more information about Rollover IRA options and to learn how these tax consequences can be avoided, ask your financial consultant for the brochure entitled, “Staying on Track for Your Dream Retirement.” |
This information is only an overview of IRA matters. Because the laws governing IRAs are so complex, please consult your tax adviser. This information is not intended to provide tax or other legal advice. In addition, this information only addresses the federal income tax aspects of IRAs and is not intended to address the state or local tax aspects. Please consult your tax adviser about state and local taxes.
To learn more about IRAs or Retirement Planning, choose one of the links below or call an Bishop Street financial consultant.
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| Contact Bishop Street | Call Bishop Street Funds at |
IRA vs. Roth IRA Calculator |