Individual Retirement Accounts are an excellent way to save for your retirement and it’s NEVER too early to start saving.  We offer Certificates of Deposit as IRA investments, with a variety of choices on terms and rates.  Individual Retirement Accounts (IRA’s) are insured by the FDIC up to $250,000.00, separately from your other accounts that you may have with us. 

We can help you start a new retirement plan or move other IRA’s plans that you own.  You may contact us and we will be happy to assist you in opening an IRA, adding to an existing IRA or changing to a different type of IRA that you already own.

Moving other IRA assets to where you want them while retaining their tax advantages can be accomplished safely and securely by using rollers, direct rollovers and transfers.  You may contact us so we may help you with these options.

We offer:

• Traditional IRA’s ­­– A Traditional IRA allows earnings to accumulate tax-deferred.  Contributions may be tax-deductible depending on your income and whether you are covered by a retirement plan at work.  Contributions are limited to $4,000 per year or 100% of compensation if less.  Catch up contributions of $1,000 can be made for those over 50 years of age.

• Roth IRA – A Roth IRA allows only non-deductible contributions but features tax-free withdrawals for certain distribution reasons after a five year holding period.  “Tax-Free” means free from Federal Income Taxes.  Contributions are limited to $4,000 or 100% of compensation if less.  Catch up contributions of $1,000 can be made for those over 50 years of age.

Please contact us or visit us for additional information on IRA accounts.

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