Unfortunately, when you stop working, they stop paying you. Get your ducks in a row with retirement planning.

Our IRAs use CDs as the investment choice, otherwise we also offer an IRA savings account.

  • Traditional IRA – Deposits and contributions are tax-deductible. Your earnings always grow tax-deferred meaning taxes are paid when the money is withdrawn from the account. Deductions may be limited if you (and your spouse, if you are married) are covered by a retirement plan at work and your income exceeds certain levels. Visit the IRS website to learn more or consult your tax advisor.
    • Individuals younger than 70½ years with earned income are eligible to contribute.

  • Roth IRA – Non-deductible retirement savings contributions that feature tax-free withdrawals on your earnings after five years and when you reach 59 ½ years or a qualifying event. Visit the IRS website to learn more or consult your tax advisor.
    • Individuals, any age with earned income are eligible to contribute. However, your Roth IRA contribution might be limited based on your filing status and income.

Disclosures