With a traditional IRA, you pay no taxes on earnings until distribution – proving the value of interest compounding. Contributions are tax deductible up to certain income limitations – another tax privilege. Even if your contribution becomes non-deductible, it still makes sense to contribute simply for the tax-deferral benefits.
No annual fee or setup charges
Anyone under age 70.5 can open
Earnings accumulate tax-deferred
Contributions are tax deductible
Call us for the maximum contribution limit this year
Additional “catch-up” contributions allowed for ages 50 and up
Withdrawals can begin at age 59.5
Early withdrawals subject to penalty*
Mandatory withdrawals at age 70.5
*Certain exceptions apply.
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