INDIVIDUAL RETIREMENT ACCOUNT (IRA)

You work hard to make your company succeed, but when it's time to retire and the paychecks stop coming in, will you be financially prepared? Set aside funds now and start saving so that when it's time to retire, you're ready. Offering an IRA to your employees is also a valuable perk that they'll appreciate. Start planning for the future today!

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INDIVIDUAL RETIREMENT ACCOUNT (IRA)
Summary
  • Provides additional savings for retirement
  • Competitive rate of interest
  • Contributions may be tax deductible*
  • Deferred taxes on earnings until withdrawn
  • Certain contributions are tax deductible*
  • Established in one name only
  • Maximum annual contribution limits apply
  • No income restrictions
  • Penalty for early withdrawal
  • Contributions for a previous tax year may be made up to April 15
  • Accounts set up as IRA savings or CD
  • FDIC insured

*Consult your tax adviser regarding tax deductibility.