Individual Retirement Account

The Key to a Strong Financial Future

Whatever your retirement goals and needs, an Individual Retirement Account (IRA) is one of the best retirement tools available. Today, more than ever, it is important to start saving now to protect your financial security in retirement.

Choose the Right IRA For You

(Please consult your Tax Advisor for information on which product is right for you)

Traditional IRA

  • Traditional IRAs provide a tax-deferred retirement savings plan that allows you to take advantage of interest growth over time until you are able to begin making withdrawals upon reaching age 59 ½. 
  • Anyone who is under the age of 70 ½ and has earned income equal to or greater than their IRA contribution may be eligible to have a Traditional IRA. 
  • An IRA holder may contribute 100% of earned income up to $5,000 (under the age of 50) and $6,000 (over the age of 50). Contributions may be tax-deductible.
Get started today!

 

Roth IRA

  • Roth IRAs allow your savings to grow tax-free. Contribution amounts are NOT tax deferred and therefore can be withdrawn at any time.
  • There is no age limit for eligibility for a Roth IRA but you do need an earned income equal to or greater than the IRA contribution. 
  • Earning may be withdrawn tax free once you are over the age of 59 ½ and your Roth IRA has been established for at least five years.

Get started today!


Why is it important to invest now in your retirement? 

One of the greatest concerns today for many workers is their financial security in retirement. With people relying more on their own resources to support the lifestyle they want in retirement, it is important to start saving early. The sooner you begin saving for retirement, the more time your money has the potential to grow. It pays to start now and to contribute regularly.  

 

Hours vary by location. Visit BankAtlantic.com/Locations for a complete listing. Please consult your personal tax advisor regarding an IRA account.

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