Personal Banking

Retirement

Understanding where you are is the first step to defining where you want to go. Our Individual Retirement Accounts (IRAs) help you take full advantage of federal tax code guidelines, helping to ensure the rich, full future you seek.*

• Traditional IRA [-]

  The traditional IRA allows you to make tax-advantage contributions as you save for your retirement; depositing money into your IRA may enable you to deduct the contributions from your federal income taxes. And as your interest is tax-deferred, you don’t pay tax on your earnings until you withdraw. By then, a potential lower tax bracket may allow you to keep more of your money.*

• Roth IRA [-]

  Roth IRAs apply the principle of tax-exempt interest; your earnings are tax exempt, not just tax deferred. Meet the requirements for a qualified withdrawal and you never pay taxes on your Roth IRA income. Remember, this benefit applies to earnings only. You may not deduct contributions form your yearly income tax.*

*Consult your tax advisor on the benefits of IRAs.