Roth IRA Accounts
Roth IRA contributions are non-deductible, but this account features tax-free withdrawals for certain distribution reasons after a five year holding period. This allows for your regular contribution amounts to be used first for a distribution without tax or penalty, and you will not have to pay taxes on your earnings as long as you take them as a qualified distribution.* You may choose from as few as three (3) months or as long as five (5) year terms, and open your account with as little as $100. We encourage you to consult with your tax or legal advisors to determine if this account type is right for you.
*Qualified distributions could include any of the following: distributions made on or after the date on which you attain the age of 59 ½, Distributions made to your beneficiary or your estate upon your death, distributions attributable to you being disabled and qualified first-time home purchase distribution.
Consult with a tax advisor for assistance in determining your eligibility of this product, your contribution levels, or if your distributions are considered qualifying. This information is not intended to provide legal or tax advice, but merely provide an overview of the features of this product. For specific information related to your individual circumstances, you are encouraged to consult your tax or legal professional.