Individual Retirement Accounts

Seligman Traditional and Roth IRAs
Seligman Education Savings Accounts
Seligman Investments and Asset Allocation

Seligman Traditional and Roth IRAs

Investing in an Individual Retirement Account is a powerful way to build wealth for retirement.

  • Contribute up to $5,000 of earned income for 2009, plus $5,000 on behalf of a non-working spouse
  • An additional $1,000 in "catch-up contributions" permitted for individuals age 50 and over for 2009
  • Seligman IRA custodial fees waived for accounts of at least $10,000 (normally $20 annual custodial fee)

Your financial advisor can help you choose which type of IRA is best for your situation.

  • Traditional IRA contributions may be tax-deductible, and investments grow tax-deferred.
  • Roth IRA contributions are not tax-deductible, they grow on a tax-deferred basis – and qualified distributions are tax-free. Roth contributions may be limited by your income level.

Taxes and penalties may apply for non-qualified IRA withdrawals. Please consult a qualified financial or tax advisor for details and restrictions, or see IRS Publication 590: Individual Retirement Arrangements.

Seligman Education Savings Accounts

Education Savings Accounts (ESAs) offer:

  • Contributions of up to $2,000 per year per beneficiary
  • Flexibility – tax-free withdrawals for primary and secondary school expenses, in addition to college
  • Exceptions for Special Needs Students

You do not need to have earned income to contribute to an ESA, but if you do have earned income, your contributions may be limited by your income level. Taxes and penalties may apply for non-qualified withdrawals. Please consult a qualified financial or tax advisor for details and restrictions.

Seligman Investments and Asset Allocation

 

Seligman Mutual Funds

   

Seligman IRA and ESA investors have access to Seligman's broad range of mutual funds, including fixed income and equity investments; small, medium, and large companies; US and global; and growth and value investment styles. [learn more]

 

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Past performance is not indicative of future results, and there can be no guarantee as to the accuracy of market forecasts. Opinions, estimates, and forecasts may be changed without notice. This material is not an offer, or a solicitation of an offer, to purchase any securities, including shares of any mutual fund, unless preceded or accompanied by a prospectus. The views and opinions expressed are provided for general information only, and do not constitute specific tax, legal, or investment advice to, or recommendations for, any person. We suggest that you consult your financial or tax advisor, accountant, or attorney with regard to your specific situation. The information in this Website is directed at, and is intended for distribution to and use by, US persons only. It is not intended for distribution to, or use by, any person in any jurisdiction or country where such distribution would be contrary to local law or regulation, including the United Kingdom and Hong Kong.

This information is authorized for use only in the case of concurrent or prior delivery of the offering prospectus of the Fund. You should consider the investment objectives, risks, charges, and expenses of a Fund carefully before investing. A prospectus containing information about a Fund (including its investment objectives, risks, charges, expenses, and other information about the Fund) may be obtained here. The prospectus should be read carefully before investing in a Fund.

Effective November 7, 2008, J. & W. Seligman Co. Incorporated ("Seligman") was acquired by and became a wholly-owned subsidiary of RiverSource Investments, LLC, which is a subsidiary of Ameriprise Financial, Inc. As a result of the acquisition, Seligman's investment advisory contracts were transferred to RiverSource Investments and Seligman Advisors, Inc., a subsidiary of Seligman, was added as a principal underwriter and distributor of the RiverSource mutual funds.

Seligman mutual funds are distributed by Seligman Advisors, Inc., member FINRA, and managed by RiverSource Investments, LLC. Seligman Services, Inc. provides services to fund shareholders. Seligman Advisors, Inc. and Seligman Services, Inc. are wholly-owned subsidiaries of RiverSource Investments, LLC. These companies are part of Ameriprise Financial, Inc.