Our Individual Retirement Accounts are a great way to invest in your future. We offer a variety of IRAs that can help you build your nest egg and assist you in reaching your retirement goals.
A traditional IRA is a way to save for retirement that gives you tax advantages. Contributions you make to a traditional IRA may be fully or partially deductible, depending on your circumstances, and generally, amounts in your traditional IRA (including earnings and gains) are not taxed until distributed.
A Roth IRA is subject to the rules that apply to a Traditional IRA except:
- Contributions to a Roth IRA are non-deductible.
- If you satisfy the requirements, qualified distributions are tax-free.
- You can make contributions to your Roth IRA after you reach age 70 ½ if you have eligible earned income.
- You can leave amounts in your Roth IRA as long as you live.
Coverdell Education Savings Account
Planning ahead is an important part of preparing for the costs of a child's education. Ranging from tuition to supplies and equipment, these costs can be be significant. Depending on your income, a Coverdell Education Savings Account can help with that preparation.