*Contribution
limits are set by the Internal Revenue Service and subject
to change annually.
Roth IRA
It’s never too early to think about retirement. The
sooner you get started, the more wealth you will accumulate. We
offer you the choice of two retirement vehicles, Traditional
or Roth IRAs.
- No age limitation.
- Minimum opening deposit of $50.00 is
required.
- Eligible contributions are not tax deductible. Contribute
up to $4,000.00 for 2007 and $5,000.00 for 2008. Individuals
age 50 and over may contribute an additional $1,000.00.*
- Taxes
on earnings are tax-deferred until the time of distribution.
- No
maintenance fee or minimum balance to earn interest.
- Monthly
statements.
- Rollovers and transfers accepted.
*Contribution limits are
set by the Internal Revenue Service and subject to change
annually.
