|
» Traditional IRA: Build
A Retirement Nest Egg
• Contribute tax-deferred
income up to $4,500 annually
• 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
• View Rates
Requirements:
• Only $500 to open a Traditional
IRA
» Roth IRA: Build
A Retirement Nest Egg
• Contribute tax-deferred
income up to $4,500 annually
• Pay current tax table rates
and grow future retirement
funds
• Benefit from tax-free income and capital gains
• Investment options for yourself and/or your spouse include a KNB Certificate of Deposit
• 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
• View Rates
Requirements:
• Only $500 to open
a Roth IRA
|