Individual Retirement Accounts (IRAs)
Your future on your terms.
Invest in a Secure Retirement
No matter where you are in your career, it’s never too early or too late to start saving for retirement. We don’t charge initial set-up fees or annual fees, so you keep more of your investment.
Why Open an IRA?
An Individual Retirement Account (IRA) can be a smart way to save for the future—especially if your retirement options are limited. Here’s why you might consider one:
You don’t have a 401(k)
IRAs aren’t tied to your employment. They move with you if you change jobs.
You’re self-employed
IRAs–including SEP IRAs—are great options for independent workers. Talk to a tax professional to see what’s best for your situation.
You want more investment options
Some 401(k) plans limit your choices. An IRA may offer more flexibility—plus the peace of mind that comes with FDIC insurance (up to the allowable maximum).
You’ve maxed our your 401(k)
Already hit your annual 401(k) limit? You may still be able to contribute up to $5,500 or more ($6,500 if you’re 50 or older) with an IRA. A tax advisor can help you understand your options.
You want flexibility
Need to tap into your savings early? IRAs allow for penalty—free withdrawals in certain cases, like buying your first home or paying for education.
You’re interested in a Roth IRA
With a Roth IRA, you contribute after tax dollars now—and enjoy tax-free withdrawals later. It’s a great choice if you expect to be in a higher tax bracket in retirement.
Open an Individual Retirement Account
Want help choosing the right IRA? We’re here to guide you.
Disclosures
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This product is not FDIC insured, not guaranteed by the bank, and may lose value.