Retirement Accounts 

Save and plan for the future by investing  

in a product with tax benefits. 

 

Traditional IRA - Designed for individuals who want to save tax-deferred dollars and want their annual contributions to be tax-deductible. 

 

Roth IRA - The major benefit of a Roth IRA is a tax-free earnings growth. Although contributions are not tax-deductible, earnings grow tax-free.  Contributions and earnings can generally be removed without federal taxes or penalties, however bank penalties may apply. 

 

Coverdel Education Savings Account - Specifically designed to provide a tax-free savings for education expenses for any minor child on a nondeductible basis. Earnings grow tax-free and withdrawals for qualified education expenses are also tax-free. 

 

Supplemental Employee Pension (SEP) - Employers (including self-employed individuals) can establish and contribute to a retirement plan for their employees. 

 

Check with your financial advisor or tax consultant for more details about the IRA that is best for you and your tax deductibility status.