Traditional Vs. Roth
Traditional and Roth IRAs both offer tax-advantages to your saving. Traditional IRAs are taxed at the time of withdrawal, so you don’t pay income tax upfront on what you contribute.
A Roth IRA is tax-exempt, meaning you can withdraw savings tax-free at the appropriate age. But you still pay your taxes on your full income, regardless of contribution level. Consult a tax advisor to see which IRA is right for you.
1Subject to some minimal conditions. Consult a tax advisor.
2Certain exceptions apply, such as healthcare, purchasing first home, etc.
3Consult a tax advisor.
1No interest earned on account for that quarter if balance falls below $100 at any time during the quarterly statement cycle.
*RATE MAY CHANGE AFTER ACCOUNT IS OPENED.