When you’re ready to retire, we want you to really be ready. Our IRA options are designed to help you maximize your retirement savings, so you’ll be set for your golden years.
This retirement account allows you to defer taxes on your earnings made and deductibility of your contribution is based on your IRS guidelines. All earnings of your traditional IRA remain tax deferred until you make withdrawals, which are taxed as ordinary income during the tax year of their withdrawal.
IRAs: A plan for the future
An IRA is a non-deductible retirement account that features tax-free withdrawals for certain distribution reasons after five years. To qualify for a Roth IRA, you must have earned income (or your spouse must have earned income). You may contribute any amount up to 100% of your compensation or $6,000 (whichever is less) in 2019, as long as your Modified Adjusted Gross Income is within the limits established by the government. (There is an additional $1,000 allowed for those over 50.)
Our Retirement Specialists are ready to answer any questions you may have regarding Individual Retirement Accounts and how Crews Bank & Trust can help you!
Get to know the local team of smiling faces managing your Crews Bank & Trust account.
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