Individual Retirement Accounts are a wise investment to start saving for your retirement. Our IRAs have no fees, are FDIC insured up to $250,000.00 and can be a great tax advantage.
Traditional IRA
A Traditional IRA is a flexible, accessible account and offers immediate tax benefits, with contributions and/or earnings tax-deferred until retirement.
- Tax benefits include:
- Tax deduction (if eligible)
- Tax-deferred earnings
- Tax credit (if eligible)
Roth IRA
The Roth IRA is much like a Traditional IRA with the biggest difference being the way the taxes are treated. Contributions to a Roth IRA are not deductible, but your investment earnings over the years can be tax-free.
Tax benefits include:
- No tax deductions
- Tax-deferred earnings
- Tax-exempt earnings (for qualified distributions)
- Tax credit (if eligible)