Individual Retirement Accounts
Your key to life after work.
Whether you’re young, or young-at-Heart, your Individual Retirement Account starts now.
Traditional vs. Roth
Choose what works for you.
Traditional IRA – Save for retirement tax-free. Pay taxes on your earnings when they are withdrawn.
- Contribute up to $5,000 per year ($6,000 for ages 50 and older), depending on your earned income and tax filing status;
- Early withdrawals can begin at 59 ½ years of age without penalty;
- Withdrawals are required at 70 ½ years of age;
- Some contributions may be tax-deductible;
- May withdraw penalty-free in certain circumstances
Roth IRA – Pay taxes on your retirement income now instead of later.
- Contribute up to $5,000 per year ($6,000 for ages 50 and older), depending on your earned income and tax filing status;
- Early withdrawals can begin at 59 ½ years of age without penalty;
- Withdrawals are NOT required at age 70 ½ years of age
- Competitive interest rates
Looking to Rollover?
An IRA Share Account allows you to hold your retirement funds in an IRA without locking your money up for an extended period of time. There’s no service fees or minimum balance required.