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IRAs

Retirement takes planningPlan for your retirement freedom today!

Are you ready for retirement? If not, and you are serious about "getting there," not many account types are considered as important and prudent as an IRA. If you are ready to take that next step, or want to roll another retirement account into one of our IRAs, we have specialists ready to explain your options.

Stable and secure growth for your retirement funds.

Options

Both Traditional and Roth IRAs are available in a Savings or Certificate option. Depending on your choice, you may be able to take a tax deduction for Traditional IRA contributions, or withdraw the earnings on a Roth IRA tax free.

Deposits for any tax year may be made until April 15th of the following year, and can be set up through direct deposit.

Explore this page to explain the differences between these options, and to give yourself an understanding  of what we have to offer.

More information from irs.gov

Table data for IRA Savings Rates
 Rates as of 4/1/2020
Daily Balance Annual Percentage Yield (APY)1 Alert Me
Minimum $100 to earn APY 0.55% Receive a notification when this rate changes
  • 1Compounded Monthly. The APY is a variable rate and may change after the account is opened. Fees may reduce earnings.↵

Roth

With a Roth IRA, you pay taxes now and withdraw the funds tax-free when you retire. Contributions can be made after the age of 70½ without any required minimum distributions as long as you have earned income.

Learn more about Roth IRAs

Learn about converting to a Roth IRA

Need someone to talk you through it? Our IRA specialists can help!

We are here for you!

Traditional

Traditional IRAs are potentially tax-deferred retirement plans; you don't pay taxes on your contributions until you withdraw the funds. Contributions can be made as long as you have taxable compensation and you are below the age of 70½.

Head spinning, or unsure as to which you should choose?

Need someone to talk you through it? Our IRA specialists can help!

We are here for you!

Compare

Table data for Roth vs. Traditional IRA
 Rates as of 4/1/2020
Feature Roth Traditional Alert Me
Maximum Annual Contribution $5,500 (if under age 50) $6,500 (age 50 and over) $5,500 (if under age 50) $6,500 (age 50 and over)
Tax Advantages Taxes are paid now. Pay no taxes until you take distributions. Annual Gross Income and participation in an employer-sponsored retirement plan can impact this.
Earnings Grows tax free. Grows tax-deferred until withdrawn.
Withdrawal Restrictions Most withdrawals before age 59½ result in IRS penalties. Most withdrawals before age 59½ result in IRS penalties.
Age at Which Withdrawals Must Begin No specific age. Mandatory at age 70½.

Roth vs Traditional IRA Calculator

Rollovers & Transfers

Whether you are changing jobs, nearing retirement, or just want to consolidate multiple retirement accounts, we can help answer any rollover questions you may have. If you are in need of a transfer, we can help you select the account that fits your needs and ensure your funds are transferred properly.

Want to discuss this with our Wealth Management team and lean on their years of experience?

Learn about our free consultations.

Always consult with a tax advisor regarding your specific financial situations.

Roth vs Traditional IRA Calculator
Roth vs Traditional IRA Calculator