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Individual Retirement Accounts  - Financial tools designed to help you plan for your future!

Traditional IRAs

  • Contributions may be eligible for a tax deduction.
  • Earnings remain tax deferred until distributed from the IRA.
  • Any individual younger than age 70 ½ who has compensation is eligible to make a contribution.
  • Contribution deadline is the tax-filing deadline for the tax year.


ROTH IRAs

  • Contributions are nondeductible, but earnings are tax-free.
  • Individuals can continue to make ROTH IRA contributions after reaching age 70 ½.
  • No required distributions.
  • Contribution deadline is the tax-filing deadline for the tax year.


CESA (Education IRAs)

  • Designed for the purpose of paying qualified education expenses of a designated beneficiary.
  • Qualified education expense distributions are not taxed.
  • Earnings are tax-free.
  • Contribution deadline is the tax-filing deadline for the tax year.
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