|
Individual
Retirement Accounts
Individual
Retirement Accounts are provided to meet the growing need for
retirement fund investment alternatives. Non-working
spousal accounts are available to boost your savings. With an
IRA account you may be able to invest a substantial amount tax
deferred. For traditional and Roth accounts, penalty free distributions
are allowed for specific purposes. Consult a tax professional
for the amount you might be eligible to save or withdraw. As always
we offer our IRA accounts with no annual fee.
-
Traditional
IRA’s grow tax deferred and allow tax
deductible contributions depending on your modified adjusted
income.
-
Roth
IRA’s grow tax deferred,
contributions are not tax deductible, and principal can be withdrawn
tax free at any time.
-
Coverdell
Education Savings Accounts grow tax deferred,
contributions are not tax deductible, and distributions can
be made tax and penalty free for the Coverdell’s qualified
education expenses.
This
information is provided for general information purposes only.
It is not intended to provide tax or legal advice or to be a detailed
explanation of the rules governing individual retirement accounts.
Penalties for early withdrawal of certificates of deposit still
apply. Please consult your tax professional for specific information.
|
Your
savings federally insured to at least $250,000 and backed
by the full faith and credit of the United States Government. |
|
|
