IRAs
If you're working, IRAs are perfect to use when saving for retirement.
You can choose from four types of IRAs: Traditional, Roth, Spousal and a Coverdell Education Savings Account (ESA). See which one is right for you.
Traditional IRA
- No age limit and working, this is the option for you!
- Put in up to $6,000 a year.
- Earnings are tax deferred until they’re withdrawn.
Roth IRA
- You must be working, and making less than $140,000 a year.
- Put in up to $6,000.
- Interest earnings are tax-free in most cases.
Spousal IRAs
- Open an IRA for a spouse who is not earning compensation.
- To open, you must plan on filing a joint tax return when it comes time to do your taxes.
- You may make an annual contribution up $12,000, with no more than $6,000 deposited into either account annually.
Coverdell Education Savings Account
- Pay for the future education expenses of a designated beneficiary under age 18.
- You may make a contribution up to $2,000/year.
- Interest earnings are tax-free when used for the designated beneficiary’s education expenses.
Ways to Apply
Talk to Us
We have dedicated staff that can assist you with getting started.
Call now!
Visit an Office
Our friendly, knowledgeable office staff can take your application at an office convenient to you.
Use our office locator to find an office near you.
Resources
