Individual Retirement Accounts
An Individual Retirement Account is a personal, tax deferred retirement plan.
Anyone with earned income can contribute up to $3,000.00 each year to an IRA with additional catch-up contributions for those over age 50. All deposits and earnings on an IRA are fully tax-deductible, until the funds are withdrawn.
Current interest rates are available upon request. Each IRA is insured up to $250,000.00 by an agency of the Federal Government.