IRAs
Individual-owned Individual Retirement Accounts (IRAs) are another example of where a strong relationship between the client and financial institution is critical. InvestorsBank can create an IRA plan that provides you with the tax advantages that will maximize your retirement savings.
IRAs offer these features:
- FDIC insured
- Tax deductible at time of deposits
- Account owner controls deposits and withdrawals and when taxes on distributions are paid.
- Withdrawals can be made without penalty beginning at age 59 1/2 (required minimum distributions begin at age 70 1/2).
- Funds can be transferred to beneficiaries without going through probate.
For additional information about our Individual Retirement Accounts, contact one of our
personal bankers by calling 262-523-1000.
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