Edison, NJ - Investors Bank paired up with the Indian Business Association to host a seminar on retirement planning.  The event, held at Chief’s Table in Edison, offered attendees the opportunity learn about Individual Retirement Accounts (IRAs) and other retirement investment vehicles. The seminar was organized as part of the Indian Business Association’s Public Policy and Advocacy Group.

An IRA is an account set up at a financial institution that allows an individual to save for retirement with tax-free growth or on a tax-deferred basis.  There are multiple types of IRAs, but the most common are Traditional IRAs, Roth IRAs, and Rollover IRAs.  The group heard from experts in the field as to the benefits of each.

“This is an important topic for our community” said Dhiren Amin, President of the IBA. “Financial planning is never easy. Its an area that can quickly get complicated so we were grateful that Investors brought experts to educate our folks. It’s part of an ongoing effort by the association.”

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"This is the second time we did a joint educational program, last year we did the same thing, this was more focused on the IRAs and retirement investments” said Dee A Abedraboh, the Retail Direct Manager for Investors. “With the IBA, basically we’ve been working with them for many years now. As the relationship grew, we said, you know what, it’s a non-profit, the bank came up with this program - and they’ve been such great supporters” added Falguni (Tina) Ahmadi, Assistant Vice President and Branch Manager for Investors.

“This was an excellent program” said Praful Patel who attended the event. “The information was presented in an easily understandable way. I’m looking forward to more programs like this” he said.