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A little savings now with tax advantages* can add up to a secure and abundant retirement.

Key Features

  • Tax Advantages*
  • Competitive Interest
  • No Setup or Maintenance Fees
  • Secure your retirement with tax-advantaged savings*
  • Earn competitive interest at a higher rate than a standard savings account
  • Traditional and Roth options available
  • No setup fee, annual fee, or monthly maintenance fee
  • Simplify saving with automatic contributions to your IRA
  • Annual contribution limits apply (see current contribution limits; $6,000 as of 2019)
    • Additional "catch up" contribution allowed for people age 50 and better
  • Early withdrawal penalties may apply
  • $500 minimum deposit to open

Each IRA option offers different advantages. The biggest difference is when you see the advantage — a traditional IRA provides potential tax benefits today, while a Roth IRA has the potential for tax benefits when you retire. We'll be glad to discuss your retirement savings needs with you. Simply contact us or visit us

Traditional IRA

  • No income limits to open
  • No minimum contribution required
  • Contributions are tax deductible*
  • Earnings are tax-deferred until withdrawal (usually in lower tax bracket)
  • Withdrawals can begin at age 59 ½
  • Early withdrawals subject to penalty**
  • Mandatory withdrawals begin at age 70 ½

Roth IRA

  • Income limits to be eligible to open Roth IRA***
  • Contributions are NOT tax deductible
  • Earnings are tax-free at withdrawal*
  • Principal contributions can be withdrawn without penalty*
  • Withdrawals on interest can begin at age 59 ½
  • Early withdrawals on interest subject to penalty**
  • No mandatory distribution age
  • No age limit on making contributions as long as you have earned income

*Subject to some minimal conditions. Consult a tax advisor.

**Certain exceptions apply, such as healthcare, purchasing first home, etc.

***Consult a tax advisor.

*Consult a tax advisor.