Individual Retirement Accounts (IRAs)


A penny saved is a penny earned — so why squander it all before retirement? Be smart and open an IRA while you're still earning income.

Start contributing now and build up a sizeable nest egg by the time you clock out for good. Because your golden years should be all about traveling and naps — not fretting about finances.


  • Start saving for retirement
  • Enjoy possible tax advantages*
  • Interest credited quarterly
  • Choose between traditional or Roth IRA
  • Minimum $100 opening deposit

*Consult a tax advisor.

Traditional vs. Roth

Let's break down the difference between traditional and Roth IRAs. Both offer tax advantages that help your retirement savings plan. Remember to consult a tax advisor first to determine which IRA is the best plan for you.

Traditional IRA

  • Build savings for retirement
  • No income limits to open
  • For those under 70½
  • Mandatory withdrawals at age 70½
  • Contribute as often as you want each year
  • Annual contribution limit is $5500
  • State and federal income tax deductible contributions*
  • Tax-deferred earnings until withdrawal

Roth IRA

  • Build savings for retirement or your first home
  • Income limits factor into eligibility
  • Contributions are not tax-deductible*
  • Earnings are 100% tax free at withdrawal
  • Principle contributions can be withdrawn without penalty*
  • Withdrawals on interest as early as age 59½
  • Interest withdrawals before age 50½ subject to penalty**
  • No mandatory distribution age
  • No age limit on making contributions
  • Must have earned income

* Consult a tax advisor.

**Certain exceptions apply, such as healthcare, purchasing first home, etc.

Individual Retirement Accounts (IRAs)