Personal Individual Retirement Account (IRA)

Individual Retirement Accounts (IRAs)

An IRA is designed to help you save for retirement and offers many tax advantages.

$1,000 minimum opening deposit
Opened as an IRA Certificate of Deposit account
Traditional, Roth and SEP (Simplified Employee Pension) IRAs available
Additional deposits allowed to the Traditional and Roth IRAs. May deposit up to $5,000 a year for clients under 50 years of age; $6,000 a year for clients over the age of 50
Additional deposits allowed to SEP IRA is dependent on whether your business is a corporation and you receive a W-2 as compensation or if you are taxed as a sole proprietorship and receive compensation as personal income. Consult your tax adviser for guidance.
IRS Rules apply