Traditional Individual Retirement Account (IRA)

• Tax-deferred earnings
• Possible full or partial tax deduction
• Small minimum deposit required
• Maturities range from 12, 18, 24, 30, to 36 months
• Earn a fixed market rate on deposits, with interest paid quarterly
• Withdrawals prior to maturity are subject to substantial early withdrawal penalties

Roth Individual Retirement Account

• While contributions to a Roth IRA are not tax deductible, earnings grow tax free based on the Taxpayer Relief Act of 1997
• Earnings can be withdrawn tax free after five years if the account holder is at least 59 1/2 years old, disabled, or in the case of death
• Unlike the traditional IRA, distributions are not required at age 70 1/2, and those with earned income can continue to make contributions after age 70 1/2
• Small minimum deposit required
• Maturities range from 12, 18, 24, 30, to 36 months
• Earn a fixed market rate on deposits, with interest paid quarterly
• Withdrawals prior to maturity are subject to substantial early withdrawal penalties.

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*Please contact your tax advisor before contributing to an IRA.