Two types of IRA's are available...
Traditional IRA
The Traditional IRA is a high yielding Investment Account designed to encourage saving toward retirement with "before tax" dollars. Any individual, with earned income, under age 70 1/2 years of age is eligible to enroll in this program. Please note The IRS imposes a 10% penalty for premature distribution before age 59 1/2.
Roth IRA
The Roth IRA is a high yielding, nondeductible Investment Account that features tax-free withdrawals of certain distributions after a five-year holding period. It is designed to encourage saving toward retirement with "after tax" dollars. An individual with earned income, regardless of age is eligible to enroll in this program. Please note The IRS imposes a 10% penalty for premature distribution before age 59 1/2.
Please consult your tax advisor for additional information.
Please contact us for interest rates and terms.
