Traditional & Roth Individual Retirement Accounts (IRA)

Roth IRA Features:

• Minimum deposit applies
• Potential for Tax-Free Earnings: interest and investment gains can grow tax-free within the Roth IRA
• Tax-Free Withdrawals: contributions are made with after-tax assets, allowing for tax-free withdrawals during retirement
• Flexibility in Contributions: you can make contributions at any age, as long as you have eligible earned income

Traditional IRA Features:

• Minimum deposit applies
• Often tax deductible
• All transactions and earnings within the IRA have no tax impact
• Withdrawals at retirement are taxed as income (except for those portions of the withdrawal corresponding to contributions that were not deducted)

General IRA Information

• Our terms range from 182 days up to 60 months
• Interest is compounded quarterly
• IRA distributions can be transferred to a checking or savings account or you can receive a check
• NO penalties on IRAS
• CD and IRA products are FDIC insured