Retirement planning is something that cannot be put off indefinitely. Opening an IRA is a great way to get started. An IRA is a personal savings plan that the Internal Revenue Service (IRS) allows you to contribute to yearly if you have earned income. There are two main types of IRAs, traditional and Roth. Both will help you plan for your future and both have distinct tax advantages! The 2018 annual contribution limit for both IRAs is $5,500 ($6,500 for individuals age 50 and older). To learn more about IRAs and which type is right for you, please view our online IRA brochures on our website under the “Savings” tab.
Stop by any branch office and speak with a Financial Service Representative to open your IRA today!