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Individual Retirement Account

Individuals who are under 70 ½ years of age for the entire tax year and have earned compensation or received alimony may contribute to a traditional IRA. For IRA contribution limits, please visit

Additional catch-up contributions can be made by qualified individuals over age 50.

Taxes are not paid on earnings in your fund because the earnings accumulated in your IRA remain tax deferred until you make withdrawals from the account. You may withdraw funds from your IRA any time after you reach age 59 ½ without incurring a tax penalty*. Distributions taken prior to age 59 ½ are generally subject to an early withdrawal penalty.

Your IRA investment is insured by an agency of the federal government up to $250,000, separately from any other non-retirement accounts you may have with us.


*Consult a qualified tax authority for individual tax advice concerning your earnings and tax consequences prior to making a contribution and/or requesting a distribution from your IRA account.

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