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Features

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Wide variety of options
Customize your IRA with Traditional, Roth, or Coverdell Education.
IRA
Easy to Open an IRA
The ability to open an IRA has never been easier. Our step-by-step questionnaire guides you through the entire opening process; including how to print your forms and where to send them when you are done. If you don't have the time to complete this now, you can request an IRA Kit by mail and we will send a complete IRA opening kit.
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Greater benefits than ever
Thanks to new legislation, there are increased contribution limits, catch-up contributions, and increased portability of assets.
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IRAs

Take the steps towards a secure financial future.
Traditional IRA Roth IRA Coverdell Education
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Great for retirement savings
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Great for college savings
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Tax deductible contributions
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Age limit for contributions
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You have options

Investing for the future – whether it’s for your personal retirement or higher education expenses for children – is a highly personal endeavor. The good news is that there are options available that give you the flexibility to choose what works best for you and your family.

Are you planning for retirement?

You’ve probably heard it – Social Security will not be there for you; you need an IRA. You got the message but no one said which IRA is best – Traditional or Roth.

What's the difference?

Traditional Roth
Do I qualify? Yes, if you have eligible compensation and are under age 70 1/2 Yes, if you have eligible compensation
Are there income restrictions? No Yes, please check current IRS regulations
Are there contributions limits? Yes, and they are the same as a Roth IRA. Please check IRS regulations for current limits. Yes, and they are the same as Traditional IRA. Please check IRS regulations for current limits.
Are contributions tax deductible? Contributions may be tax deductible. Consult a tax advisor. No
When am I required to take distributions? Mandatory beginning the year you turn 70 1/2 Never
Are withdrawals taxable? Yes, in the year you withdraw Qualified distributions are tax-free
Am I required to make annual contributions? No

No

Can I “catch up” Yes Yes

Are you planning for your child's education?

Will I be able to afford to send my child to college? From newborns to high schoolers, parents are asking this question. And with good reason. By 2030, a 4-year degree at a public university is projected to top $200,000. Private education will be even higher. Invest in your child’s future with a Coverdell Education Savings Account.
What’s the purpose of a Coverdell ESA? To pay for a child’s (beneficiary’s) qualified educational expense
Who can be a beneficiary? Any child under the age of 18.
Which expenses qualify? Those required for enrollment in an eligible educational institution such as tuition, fees, books, supplies, room and board, equipment and more.
Are contributions tax deductible? No
Are there any tax advantages? Interest earned is tax-deferred until distributed
Are there contribution limits? Yes, please check current IRS regulations

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