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Use Traditional and Roth IRAs to build for your retirement and see how it can give you a tax advantage*. Choose from a regular IRA savings or IRA Certificate.
Traditional IRAs allows you to save for your retirement and may give you some tax advantages*. Contributions may be made if you are under age 70½ for the year that the contribution is being made. Distributions may begin as early as age 59½ and must begin when you turn 70½ .
Roth IRAs offers you the ability to invest your after-tax dollars today, let the investment grow tax-deferred, and withdraw your principal and earnings tax-free after five years.
You may make tax-free and penalty-free withdrawals from your Roth IRA if your Roth IRA has been open for a minimum of five years and the withdrawal must be made because of the occurrence of one of the following events:
- age 59½
- first home purchase
- disability
- death
These are considered "qualified distributions." If you take a distribution for any other reason, the distribution may be subject to taxes and in some cases early distribution penalties to the extent they exceed your aggregate contributions to Roth IRAs.
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Beginning in 2009, the maximum contribution amount will be indexed for cost-of-living adjustments (COLA) in $500 increments. |
Check here for current rates.
Give us a call at 925-771-5600 for more information.
*Check with your tax consultant to see how opening a Traditional or Roth IRA can help you with taxes. | 
