Traditional IRAs

Plan now to have the funds to live the life you want during retirement.

A Traditional Individual Retirement Account  allows you to reduce your taxable income now because you only pay taxes on your the money you contribute when you withdraw it in retirement. That means, when you defer taxes with this retirement savings account, all of your interest and payments can compound each year without being hindered by taxes.*

How will it all add up by the time you reach retirement? Use our Retirement Calculator to get an idea of how much you should plan to save each month to reach your financial goals.

Features and Benefits of a Traditional IRA

Fixed-rate IRA terms of 6 months, 12 months, 18 months, 30 months, 36 months, 48 months, and 60 months

$2,500 opening deposit for fixed-rate IRAs

Make contributions throughout the year

Interest compounded daily and credited quarterly
Distributions are subject to bank penalties

Distributions must begin at age 70-1/2

Annual statement

Rollover account options available
* Consult your tax advisor for any tax-related questions regarding IRAs

Contact Us for Retiremet Planning

Let us help you with your retirement planning. Talk to our North Carolina IRA experts at 828-466-1765 or call toll-free at 877-802-1212

Related Product