How does a Traditional IRA work?
We offer a variety of dividend rates and terms. Choose the IRA daily account – you can add to your account at any time (up to IRS maximums), or choose a 12, 24, 36, 48 or 60 month certificate to earn a fixed dividend rate.
You are eligible to contribute to a Traditional IRA as long as you (or your spouse is filing a joint tax return) earn compensation from employment.
Required Minimum Distribution starts at age 73.
How does a Roth IRA work?
Unlike Traditional IRAs, contributions to a Roth IRA are never tax-deductible. But the money in your Roth IRA can be withdrawn tax-free at any time. And if you qualify, you can withdraw the earnings tax-free too. Money contributed has already been taxed. So, the principle amount is not subject to taxes or penalties in the future, as long as you stay within the contribution guidelines.
Choose the Roth IRA daily account – you can add to your account at any time (up to IRS maximums) or choose a 12, 24, 36, 48 or 60 month certificate to earn a fixed dividend rate.
No distribution requirements.