Individual Retirement Accounts (IRAs)

Start Your IRA With Only $1,000!
IRAs - popular ways to save for retirement or education
We offer competitive IRA products to help you start saving for your retirement or education expenses. With as little as $1,000, you can open an IRA, make an unlimited number of deposits, and grow tax-free money to begin building a financially secure retirement.

Traditional IRA
The Traditional IRA allows anyone under age 70 1/2, and with earned income, to set aside money for retirement on a tax-deferred basis. Contributions may be tax-deductible, depending on your income and whether or not you participate in a retirement plan at work.

Benefits of our Traditional IRA include:

• $1,000 minimum deposit
• Make additional deposits anytime
• Earnings grow tax-free
• Contributions can be made before age 70 1/2
• Contribute $4,000 per year ($5,000 if you are age 50 and over), or 100 percent of your earned income, whichever is less
• Withdrawals may be made after age 59 1/2

Roth IRA
The Roth IRA offers benefits that may make it an excellent retirement savings vehicle for some investors, allowing anyone with earned income, within certain income limits, to contribute. Contributions are not tax-deductible, but qualified withdrawals of contributions and earnings are made tax-free.

Benefits of our Roth IRA include:

• $1,000 minimum deposit
• Make additional deposits anytime
• Make contributions at any age
• Contribute up to $4,000 per year ($5,000 if you are age 50 and over), or 100 percent of your earned income, whichever is less
• Qualified distributions are tax-free
• No required minimum distribution

Coverdell Education Savings Account IRA

Benefits of our Coverdell IRA include:

• $1,000 minimum deposit
• Earnings grow tax-free, provided money is used for qualified educational expenses
• Contribute up to $2,000 per year for each child
• Transfer unused funds to a family member with no penalty
• Tax-free withdrawals for qualified expenses, including tuition, fees, books, supplies, and more

Coverdell IRAs, previously called Education IRAs, are trusts created solely to pay the qualified education expenses of the student designated as the beneficiary of the trust. The tax treatment of Coverdell accounts is similar to that of Roth IRAs.

Contact one of our offices today to learn more about our IRAs and start planning for your retirement and educational needs today.