Traditional IRA

Save for retirement the tax-advantaged way


Traditional IRAs are an easy way to save

Watch your retirement grow with tax-deferred earnings.

  • You can participate at any ange
  • Income must be earned the same year you make the contribution
  • Open to your non-compensated spouse if you've earned income and are filing joint taxes

Traditional IRA Contributions

Maximum contribution

If you're under the age of 50, you can contribute up to $6,500 per year.

Catch-up contribution

If you're between the ages of 50 and 70, you can contribute up to $7,500 per year.

Tax deduction

Your contribution may be tax deductible depending on your total income.

Traditional IRA Withdrawals

Minimum required distribution

If you're over the age 73, you're required to take a distribution.

Withdraw without penalty

If you're over the age of 59 1/2, you can withdraw penalty free, subject to normal income tax.

Penalty for early disbursements

Withdrawals made under the age 59 1/2 are subject to a 10% penalty fee except for certain exceptions.

Not sure where to start? Let us help you down the path to successful retirement.


A few financial insights for your life

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Account openings are subject to normal bank approval.

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