INVESTMENT OPTIONS

CERTIFICATE OF DEPOSIT (CD)

  • A certificate of deposit is a savings certificate with a fixed maturity date, fixed interest rate and can be issued based on minimum investment requirements. A CD restricts access to the funds until the maturity date of the investment.
  • Minimum initial investment of $1,000 is required.

ROTH IRA

  • DEPOSITS up to $5,500 ($6,500 if 50 or older) per individual.
  • FLEXIBILITY: Available for withdrawal anytime but you may incur taxes and/or penalties if you are under age 591⁄2.
  • PAY NO TAXES IN RETIREMENT: Once you reach age 591⁄2 you may qualify for tax-free withdrawals of Roth IRA contributions and any accumulated earnings.
  • SPENDABLE INCOME: More spendable income in retirement. There are no minimum distribution requirements.
  • TO CONTRIBUTE TO A ROTH IRA, single filers must have a modified adjusted gross income (MAGI) under $133k for tax year 2017.
  • MARRIED COUPLES filing jointly must have a MAGI under $196k for tax year 2017.
  • Minimum initial investment of $2000 is required.

TRADITIONAL IRA

  • TAX ADVANTAGES: All or some of your contributions may be tax-deductible: $5,500 yearly ($6,500 if 50 or older). Your contributions will accumulate earnings and grow tax-deferred.
  • INCOME RESTRICTIONS: No income restrictions on eligibility to contribute. You must begin taking required minimum distributions (RMDs) when you reach age 701⁄2.
  • Minimum initial investment of $2,000 is required.

ROLLOVER IRA

  • Whether you’re retired, close enough to retire, changing jobs, or just want to rollover your funds, a Rollover IRA is one of several options for managing your retirement account.
  • No minimum required.