Ensure the retirement
lifestyle you desire by starting your Individual Retirement
Account (IRA) today. Studies show that saving early
maximizes your earnings for greater retirement funds. An
IRA provides immediate tax benefits on the contributions and
earnings, deferring taxes on both until retirement when your
tax bracket may be lower.
As an alternative to a
traditional IRA account, we also offer tax-deferred, and
possibly tax free, interest earnings through our Roth IRAs
and Education Savings accounts. Accounts may be established
in a variable rate Money Market account or a fixed rate 24
Month IRA Passbook or various CD terms.
A penalty may be imposed for
early withdrawal of fixed rate term accounts. Withdrawals
before age 59 1/2 may be subject to IRS penalties and
certain IRS restrictions apply to deposit amounts. Consult
your tax advisor to determine the best IRA account for you.
To contribute to a Traditional
IRA, a person must be under 70.5 years of age and have
earned income. To contribute to a Roth IRA, person
must have earned income.