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IRAs
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Smart ways to save for Retirement 

Looking for a nice nest egg for your retirement years? Two good ways to do it are with a Traditional IRA or a Roth IRA. We'd be happy to discuss how to put one or both to work for you.

A Traditional IRA may make sense if you:

  • Are eligible for a Traditional IRA deduction
  • Are not eligible to contribute to a Roth IRA 
  • Anticipate a higher tax rate while saving 
  • Anticipate a lower tax rate during retirement 
  • Are interested in taking required minimum distribution (RMD) amounts during retirement
  • Are concerned about tax savings for beneficiaries

A Roth IRA may be more fitting if you:

  • Are not eligible for a Traditional IRA deduction
  • Anticipate a lower tax rate while saving 
  • Anticipate a higher tax rate during retirement 
  • Want to avoid required minimum distributions (RMDs)
  • Are concerned about tax savings for beneficiaries 
  • Are not eligible to contribute to a Traditional IRA because of the age limit

VIEW ALL RATES AND FEES ASSOCIATED WITH IRAs 

2020 IRA Contribution Limits
AgeTraditional Roth
Less than 50 $6,000 $6,000
50* or older $7,000 $7,000
*Reaches age 50 before the close of the year for which the contribution is made

For more information on IRAs click on any of the following brochures:

Traditional and Roth IRAs

Traditional IRAs

Roth IRAs

>
 

Transfers, Rollovers, Conversions

IRA and Retirement Plan Distributions

>

Inherited IRAs

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