Traditional IRAs
Consult your tax advisor for full details.
- Contribution limits are $6,500 for those under 50 years old, and $7,500 for those 50 and over
- Contributions may be tax deductible
- Earnings accrue tax-deferred
- Fund withdrawals can begin at age 59-1/2
- Funds may also be withdrawn for first-time home purchase, education expenses or medical expenses
- Federally Insured
Roth IRAs
Consult your tax advisor for full details.
- Contribution limits are $6,500 for those under 50 years old, and $7,500 for those 50 and over
- Contributions are not tax deductible
- Earnings accrue tax-free
- No mandatory withdrawal at age 73
- Funds may also be withdrawn for first-time home purchase, education expenses or medical expenses
- Roth funds may be left tax-free to your heirs
- Federally Insured
Coverdell Education Savings (formerly the Education IRA)
Consult your tax advisor for full details.
- Contribute up to $2,000 annually
- Contributions are not tax deductible
- Earnings accrue tax-free
- Funds may be used for : College or vocational school tuition, housing, books & supplies (such as a computer)
- Funds may also be used for some primary and secondary education expenses, such as: Tuition, School Uniforms, Supplies (such as a computer)
- Federally Insured
Individual Retirement Accounts
Share Certificates
3-60 Month Certificate.
- $500 minimum
- Dividend paid monthly