Retirement Accounts (IRAs)
We offer both traditional and Roth IRA accounts to help you plan for your retirement. The traditional IRA allows you to make tax deductible contributions. Distributions, including earnings, are generally not taxed until they are withdrawn after age 59 1/2. With a Roth IRA, you pay income taxes on the money you deposit but the interest you earn grows tax free. You will be able to make qualified distributions after five years, such as for the first time purchase of a home. These distributions would be both tax and penalty free. To open an account call us at (315) 797-2700 ext. 264.
