Prepare now for a comfortable retirement with our Individual Retirement Accounts (IRAs). Whether you're enhancing your existing 401(k) or starting fresh, our Traditional and Roth IRAs provide a secure path to grow your savings. Open an account with as little as $5 and begin building towards a financially secure future.
Charting a Course for Financial Stability with an IRA
Traditional IRA
- Tax Benefits
Contributions may be tax-deductible, reducing your taxable income. - Growth Potential
Earnings grow tax-deferred, accelerating your investment growth. - Withdrawal Rules
Penalty-free withdrawals after age 59½, taxed as current income. - Contribution Limits
Up to $7,000 annually (under 50); $8,000 (50 and over). - Usage Flexibility
Can fund first home purchases, higher education, or medical expenses (taxed).
Roth IRA
- Tax-Free Withdrawals
Earnings and qualified withdrawals are tax-free. - No Mandatory Withdrawal Age
Keep your money invested as long as you like. - Contribution Limits
Up to $7,000 annually (under 50); $8,000 (50 and over). - Income Limits
Accessible for individuals earning under $161,000 and married couples under $240,000. - Usage Flexibility
Qualified withdrawals for first home purchases, education, or medical expenses are tax-free.
Peace of Mind with Added Protection
To further protect our members' accounts, we provide the highest combination of federal and private share savings deposit insurance available: $500,000, which includes savings accounts, checking accounts, money market accounts, and share certificates.
Ready to secure your future with an IRA? Our experts are here to help you navigate the complexities of retirement planning. Visit our branches or call us at (850) 233-4400 to get started.