Traditional IRA

How can a Traditional IRA help you save for retirement?

Individual retirement arrangements (IRAs) are one of the most viable answers to the question of how to ensure a secure retirement.

Traditional IRAs offer the following:

• Independence - may be opened and funded without any employer participation

• Immediate tax benefits - tax-deferred earnings until retirement

• Possible deductions - based on retirement plan participation and income

• Accessibility - with funds always available, something not generally true of employer plans

• Flexibility - because there is no minimum contribution in any year

An individual may contribute as long as the IRA holder meets the following:

• Has not reached the year in which you turn 70½, and 

• Has earned income equal to or greater than the Traditional IRA contribution.

An IRA holder may contribute up to the lesser of:

• 100% of earned income, or

• $5,000 (for 2008 and 2009)

For more information...

Contact one of our member service representatives for more details today.