Retirement Services

Regular IRA

• Contributions are tax deductible for qualifying individuals
• Principal and earnings taxed when withdrawn at retirement
• Taxed at income tax rates in effect at distribution

Roth IRA

• Contributions are NOT tax deductible at contribution time
• Principal and earnings are not taxed when withdrawn at retirement

SIMPLE IRA (Savings Incentive Match PLan for Employees)

• Contributions and earnings are taxed when withdrawn at retirement
• Employers can match the employee contribution up to 3%
• Taxed and treated the same as Regular IRA
• The employee decides where the SIMPLE IRA funds are invested
• WE OFFER A SAVINGS ACCOUNT FOR SIMPLE IRA CUSTOMERS