IRAs
Designed to help you with retirement planning, IRAs can be flexible, convenient and a good component to your overall investment plan. Whether you are just starting retirement planning, enhancing what you already have or possibly rolling funds over from an existing account, CoreFirst is ready to help.
Perks:
- Minimum opening deposit of $1,000
- Free Internet Banking
- Free Mobile Banking
Details:
Roth IRA - a personal savings plan in which contributions are not tax-deductible, but distributions (including earnings) may be tax-free if certain requirements are met. A Roth IRA contribution may qualify for a tax credit.¹
Traditional IRA - contributions may be tax deductible, but distributions (including earnings) may be taxable.¹
Security:
Your deposits are FDIC insured up to $250,000 per depositor. More FDIC protection may be available by having more than one type of account ownership. For example, individual and joint accounts are insured separately as long as requirements are met, so you can have up to $250,000 in coverage in each account.
¹Please contact a tax professional regarding full details of IRA accounts. Or, visit irs.gov for more information about Traditional and Roth IRAs.
