Individual Retirement Accounts (IRA)

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  • Are you ready for retirement? An IRA gives you a variety of federally insured, tax-deferred ways to save while earning a competitive dividend rate. It is also a perfect place to reinvest your 401k, Qualified Retirement Account, or Stock Rollover from your employer when you change jobs!

    Individual Retirement Accounts (IRA)
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    Traditional IRA

    One of the best features of a traditional IRA is that it can help you save for retirement with tax-deferred* earnings and a possible deduction on your income taxes.

    • No income limits to open
    • No minimum contribution per year
    • Earnings grow tax-deferred until withdrawn
    • All or part of your contribution may be tax-deductible (consult a tax advisor)
    • Pays excellent dividends
    • No handling or maintenance fees
    • Allows payroll deduction

    *Please be aware that the conditions governing tax deductibility depend upon many factors. You should consult your tax advisor for complete details.

    Roth IRA

    Roth IRAs offer you an easy and safe way to plan for the future.

    • Income limits apply
    • Contributions are NOT tax deductible
    • Allows up to $5,500 per year, higher limit if age 50 or older
    • Tax-free earning account with tax-free withdrawals for qualified uses (consult a tax advisor)
    • Pays excellent dividends
    • No handling or maintenance fees
    • Allows payroll deduction
    • Compounds and pays interest monthly