Individual Retirement Accounts

Individual Retirement Accounts

It’s never too early to start thinking about retirement, and the earlier you start the better! We offer two IRA options – each has its own unique benefits.  Our IRA options are basic share accounts, not share certificates.  The benefit to you is flexibility.  Read on to learn which one benefits you the most.

Traditional IRA

Traditional IRAs are a great way to save for retirement—here’s why:

  • Contributions may be 100% tax-deductible, depending on income or employer retirement plan.
  • Contributions and earnings will grow tax-deferred until withdrawn.
  • Withdraw from your IRA penalty-free as early as 59 ½.  Your withdrawals will be taxed as ordinary income.

Roth IRA

Roth IRAs are like traditional IRAs with a few key differences:

  • Contributions are not tax deductible.
  • No taxes on dividends or earnings. Take qualified distributions tax free after age 59½.
The information on this page is not intended as tax advice.  IRS rules are subject to change.  For more information or to find out if you are eligible under current tax law to contribute consult your tax advisor or explore the resources available through the IRS by clicking below.
Click here
IRA Share  
Minimum BalanceAnnual Percentage Yield

For additional information, please refer to our disclaimer page.