Individual Retirement Accounts

Our Individual Retirement Accounts are an ideal way to save for your retirement. We offer a full range of IRA plans…Traditional, Roth – one just for you. You can invest for a fixed rate for a term of 18 months. Accounts are FDIC insured. Stop in or call to discuss our retirement options.

Traditional IRA’s offer

• Independence, and can be opened and funded without any employer participation,
• Immediate tax benefits, with contributions and/or earnings tax-deferred until retirement,
• Accessibility, with funds always available, something not generally true of the employer plans

Roth IRA’s offer

• Uniqueness unlike other IRA’s
• First, the money you contribute to a Roth IRA has already been taxed. So the principal amount is never subject to taxes or penalties in the future, as long as you stay within the contribution guidelines.
• Second, this retirement plan allows the money you contribute to grow tax-deferred. If you do not withdraw any of the earnings until you have had a plan for at least five years, and satisfy one of the qualifying events, those tax-deferred earnings become tax-free.