Opening an Individual Retirement Account is an excellent way to save for retirement while lowering your tax bill at the same time.
In the long relay to retirement, we will help you choose the right Individual Retirement Account to provide the guidance and resources you need to meet your retirement goals.
Learn more about the types of IRA’s we offer:
Traditional IRA : Roth IRA : SEP-IRA : SIMPLE IRA
- Competitive dividends
- No setup fees
- Federally insured to $250,000 by NCUA
- Tax-advantaged retirement savings
- No annual fees
- Open a Money Market IRA with as little as $100
- Open a CD IRA with a 1 to 5 year term
If you make a contribution to a traditional IRA and neither you or your spouse participates in a retirement plan at work, your contributions are fully tax deductible.
However, if you are covered by a qualified workplace retirement plan, your deduction for traditional IRA contributions is reduced according to your income and tax filing status.
Contributions at the time of deposit are taxable, but will grow tax free. The maximum contribution you can make to a Roth IRA for 2017 is the same as for a traditional IRA, $5,500 or $6,500 if you’re age 50 or older.