Individual Retirement Accounts
An Individual Retirement Account can provide a strong foundation to help you build toward your financial future. Your IRA will work for you, accumulating tax-deferred earnings regardless of the tax deductible status of the contributions. Open your no annual fee IRA Account with us, and we'll design a plan that's right for you.
The Roth IRA qualified distributions are tax free and penalty free. The longer the Roth IRA is allowed to accumulate investment earnings, the more beneficial it is in receiving these earnings totally tax free. This plan is also great if you are age 70½ or older. You can contribute to the Roth IRA if you have earned income.
An Education IRA is a savings vehicle for the qualified expenses for post-secondary education. It can be opened for anyone under the age 18 years who has a social security number. The contribution and earnings grow in an IRA type account. The funds may then be removed for the student's qualified education expenses tax and penalty free.
Consult an attorney or tax advisor to assist you in making the right decision.
