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Savings and Money Market
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Individual Retirement Account -- IRA

An IRA is a great way to save for your retirement, with two options to choose from.

Traditional IRA
  • Defer taxes on your earnings until they are withdrawn.
  • Certain contributions may be tax deductible in the tax year for which they are made.
Roth IRA
  • A nondeductible account that features tax-free withdrawals for certain distribution reasons after a five-year holding period.
  • Since Roth IRA contributions are nondeductible and taxed in the year they are earned, people who expect to be in a higher tax bracket when they retire may benefit more from a Roth IRA that from a Traditional IRA.
Education IRA
  • A nondeductible account that features tax-free withdrawals for a child’s education expenses.

Please contact any of our branch offices to learn more about Individual Retirement Accounts.