IRAs

An IRA is an excellent tool for retirement savings. Unlike most investments, depending on the type of IRA you choose, contributions may be tax deductible and will grow either tax deferred or tax free.  IRA’s are safe, secure and fully insured by FDIC.

  • Roth IRA's - allows investors to make non-deductible contributions into a retirement account whose earnings grow tax free and can be withdrawn tax free at retirement.
  • Traditional IRA's - allows investors to deduct some or all of their contributions. Generally, earnings grow tax deferred and are taxed at your ordinary income tax rate upon withdrawal.
  • Rollover IRA's - a tax-free transfer of funds from an ex-employer's retirement plan such as a 401K. By opening a Rollover IRA, you maintain the tax-deferred status of your retirement account.
  • SEP-IRA (Simplified Employee Pension) - an employer established and funded simplified IRA, where an employer can put up to 15% of your compensation into a special IRA. Sole Proprietors may establish these plans for their own benefit.

Stop in or call us to obtain more details on our IRA accounts.