When planning for your retirement, there's more than one way to achieve your goal. Even if you're involved with a 401(k) or other employer sponsored plan, Individual Retirement Accounts (IRAs) can play an important part of an effective investment strategy.
Traditional IRA
With a Traditional IRA, you can reduce your taxable income giving you a direct benefit now while saving for the future*. Traditional IRAs offer tax-deferred growth, meaning you won't pay taxes on your earnings and contributions until you start taking distributions.
- $100 Minimum Deposit to Open
- No Minimum Monthly Balance Requirements
- No Monthly or Annual Service Charges
- $10 Minimum Amount for Additional Contributions
- Contribution Limits May Apply*
Roth Ira
While a Traditional IRA can potentially give you an upfront tax advantage, a Roth IRA's benefits may be greater when you're ready to retire. Because your contributions to a Roth IRA are not deductible, your earnings and withdrawals are not taxed at retirement*. That makes a Roth IRA an even better option for younger investors.
- $100 Minimum Deposit to Open
- No Minimum Monthly Balance Requirements
- No Monthly or Annual Service Charges
- $10 Minimum Amount for Additional Contributions
- Contribution Limits May Apply*
*For information regarding eligibility, contribution limits, deductibility and other tax related questions, please consult your tax advisor or visit the IRS website: www.irs.gov.