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As millions of Americans
have already discovered,
IRAs are one of the best
savings tools available
today. You may be eligible
to benefit from the incredible
IRA tax advantages.
»
Choose the account that
is right for you.
»
Traditional IRA: Build
A Retirement Nest Egg
Traditional
IRA
A KNB Traditional IRA is
a straightforward plan that
lets you contribute of up
to $4,500 annually on a
tax-deferred basis.
•
No fee to open
•
Various investment options
with competitive rates and
terms
•
Investment options include
CDs with fixed terms
•
Previous year contributions
accepted until April 15
•
Beneficiary options
•
FDIC insured
•
Free Online Banking
Requirements:
•
Only $500 to open a Traditional
IRA
»
Roth IRA: Build
A Retirement Nest Egg
Roth
IRA
A Roth account gives you
the benefits of tax-free
income and capital gains.
Choose from a variety of
investment options for yourself
and/or your spouse including
a KNB Certificate of Deposit.
•
Contribute tax-deferred
income up to $4,500 annually
•
Pay current tax table rates
and grow future retirement
funds
•
Free Online Banking
•
FDIC insured
•
Qualified distributions
are available tax-free if
assets have been in IRA
for at
least five years and:
a. Recipient is at least
59 1/2 years old
b. Recipient has a disability
c. Recipient is a first-time
home buyer
d. Recipient is deceased
Requirements:
• Only $500 to open
a Roth IRA
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