You’ve worked hard for this. When it’s time to kick off your golden years, turn to a tax-advantaged1 IRA to do the heavy lifting.
No Annual Fees
- Save for retirement with tax advantages1
- Earn competitive interest higher than regular savings
- Interest compounded and credited quarterly
- Available in traditional and Roth
- Annual contribution limits apply
- $1,000 annual “catch up” contributions allowed for ages 50 and better
- No annual fees or set up fees
- Set up automatic transfers for easier savings
- Also available as a CD within IRA
- No minimum deposit to open
There are advantages to both traditional and Roth IRAs. One of the biggest differences is the time at which you see the most advantage. A traditional IRA provides potential tax relief today, while a Roth IRA has the potential for the most tax benefit at time of retirement.
- No income limits to open
- No minimum contribution requirement
- Contributions are tax deductible on state and federal income tax1
- Earnings are tax deferred until withdrawal (when usually in lower tax bracket)
- Withdrawals can begin at age 59 ½
- Early withdrawals subject to penalty2
- Mandatory withdrawals at age 70 ½
- Income limits to be eligible to open Roth IRA3
- Contributions are NOT tax deductible
- Earnings are 100% tax free at withdrawal1
- Principal contributions can be withdrawn without penalty1
- Withdrawals on interest can begin at age 59 ½
- Early withdrawals on interest subject to penalty2
- No mandatory distribution age
- No age limit on making contributions as long as you have earned income
1Consult a tax advisor.
2Certain exceptions apply, such as healthcare, purchasing first home, etc.