Individual Retirement Accounts
Preparing for your retirement not only ensures a secure financial future, it also gives you peace of mind today. An Individual Retirement Account (IRA) is an excellent investment vehicle to help you achieve your dreams of a sound, enjoyable retirement.
- Summary
- $250 minimum to open
- Allows deferral of taxes on income until withdrawn
- Wide range of options and terms
- Interest compounds monthly
- Penalty for early withdrawal*
*There are some exceptions to make early, penalty-free withdrawals from your IRA, such as funds needed for: medical expenses uncovered by insurance, purchasing a first home, higher education expenses, and more specific instances.
