IRA

Take charge of your future and start saving for your dream retirement today!

Individual Retirement Accounts are valuable tools to ensure that you are able to live the lifestyle you desire after retirement. An IRA from Security Savings Bank can help you accomplish your goals most effectively.

We also have IRA options available for our younger savers. If you don't have the funds to start contributing to your IRA today, we can help you open an IRA savings account. It will allow you to save small amounts as you have it, then, once your balance reaches the account minimum for a Traditional or Roth IRA, we'll help you convert it into the right fit for you.

For more information on IRAs, click here

Here are a few of the basic differences between a Traditional and Roth IRA:

Traditional IRA

With a Traditional IRA, you can typically:

• Withdraw funds-without a penalty-at age 59½, for purchase of a first home*; for payment towards certain health insurance, medical expenses and higher education expenses; or if you incur a disability.
• Enjoy the potential of a tax deduction and tax-deferred earnings.**

Roth IRA

With a Roth IRA, you can typically:

• Withdraw funds-without a penalty-at age 59½, for purchase of a first home* or if you incur a disability.
• Enjoy the potential of tax-free earnings.**
• Contribute as long as you wish with no maximum age restriction.

*$10,000 lifetime cap; other restrictions may apply
**Consult a tax advisor for complete details

For more information email us today. Or, click here to see our current rates.