Traditional IRA

Traditional is a relative term. If you call tax- advantaged savings that leave you in position to enjoy your retirement "traditional," then traditional IRA is perfectly named.

In addition to tax-deferred earnings, contributions may be tax deductible. Capitalizing on compound interest will leave you with the ability to do...well...whatever you want with you're retirement. You'll have the money for it.

  • Current income grows tax free
  • Interest earnings are tax deferred
  • Contributions may be tax deductible*
  • Compound interest on entire balance
  • Can contribute up to $5,500 per year
  • Additional $1,000 "catch up" contribution allowed for ages 50+
  • Withdrawals can begin at age 59½
  • Early withdrawals subject to penalty**
  • Mandatory withdrawals begin at age 70½
  • Invest within IRA via variable rate account, fixed-rate CDs, or both
  • $500 minimum deposit to open
  • FDIC insured

*Consult with a tax advisor.

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