You've got choices for your Individual Retirement Account.

An Individual Retirement Account is a personal retirement account that helps you save for your retirement. IRAs offer either tax-deferred or tax-free growth of any earnings*, and some IRAs even provide tax-deductible contributions.

Traditional IRA

Contributions may be tax-deductible, and earnings are tax-deferred. Individuals with earned income may contribute up to the allowable limit annually, and if you're over 50, you may make catch-up contributions up to the allowable limit.

Roth IRA

Created as an alternative to traditional IRAs, Roth contributions are not tax-deductible, although any earnings grow tax-free. This means paying taxes now to enjoy tax-free income in retirement. Certain income limits are required to qualify.

Self-Directed IRA

Offers total investment freedom. This account allows retirement dollars to be directed into a broad range of investments so you can match your savings plan to the level of risk desired.

Education IRA (Coverdell Education Savings Accounts)

Any individual (including a child) can contribute to a child's education IRA, and it grows tax-free until withdrawal. There is no limit on the number of education IRAs that can be established designating the same child as the beneficiary. However, total contributions for the child during any tax year cannot exceed the allowable limit.

Spousal IRA

Designed to help non-working spouses save for retirement by investing in a Traditional or Roth IRA. Couples can contribute up to the allowable limit or more if they are both over age 50, as long as the total IRA contribution is less than their total earned income.

Rollover IRA

A great way for individuals who are changing jobs or retiring to continue to receive the same tax advantages as they had with an employer-sponsored plan such as a 401(k). Plan assets are simply "rolled over" to an IRA, where the assets and any earnings remain tax-deferred. Plus, an IRA generally offers more investment options and flexibility. Several individual IRAs can "roll over" into one Rollover IRA for simplification and consolidation of accounts.


Simplified Employee Pension IRAs are tax-deferred retirement plans for self-employed individuals or small companies. SEP IRA contributions are made by the employer (or by the self-employed individual) but does not allow employee contributions unless the plan was established before 1997.

Simple IRA

A Savings Incentive Match Plan for Employees is a tax-deferred retirement plan available to self-employed individuals or small businesses with fewer than 100 employees that have no other retirement plan. Contributions are made by both the employer and the employee. The employer must establish this plan for the benefit of an employee.

Terms and Conditions

*Taxes are due upon withdrawal. Please consult your tax advisor to determine amounts you may deposit.

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