Individual Retirement Accounts (IRAs)

Tax advantages are what make IRAs such a powerful tool in creating a retirement savings program. These accounts come in two varieties:

Traditional IRA

Traditional IRAs offer tax-deferred earnings and the possibility of tax deductible contributions.

Roth IRA

Although Roth IRA contributions are never tax-deductible, the earnings can be withdrawn tax-free (After the account holder has reached age 59 1/2).
You must conform to the plan provisions to receive these tax advantages. Visit any Beehive branch to open an IRA account. contact us