Individual Retirement Accounts
IRAs are a great way to gain tax advantages while saving for retirement. The annual amount you can invest in an IRA is based on your age and earned income. Your tax advisor can explain contribution guidelines.
Choose from two kinds of IRAs:
Our time-honored retirement accounts let you defer taxes on earnings until you withdraw the funds at retirement age. Certain contributions are tax deductible in the year they are made.
These nondeductible retirement accounts let you make tax-free withdrawals for certain distributions after a five-year holding period.
A $500 deposit is required to open a fixed rate IRA. A $25 deposit is required to open an 18 month variable rate IRA or an IRA Savings Account.