Roth & Traditional IRA CDs

Lock in a competitive rate today and enjoy predictable growth for a secure future. While both Roth and Traditional IRAs are excellent investments to help you save for retirement each has different advantages and requirements.

Key Questions	Roth IRA	Traditional IRA
What are the key advantages?	A Roth IRA is funded with your after-tax dollars but your earnings and withdrawals are tax free. This can translate to big tax savings in the future.	Contributions to a Traditional IRA are tax deductible up to certain income limits. You may pay less in taxes in the years you contribute but will pay tax when you start making withdrawals.
Who is this product best for?	This is a good option for those who expect to have a higher tax rate when they begin making withdrawals vs. when they contribute.	This is a good option for those who expect to have a lower tax rate when they begin making withdrawals vs. when they contribute.
How much can I contribute?	Up to $5,500 of earned income plus an additional $1,000 starting at age 50. This amount is the total allowable contribution you can make to both Traditional and Roth IRA plans.	Up to $5,500 of earned income plus an additional $1,000 starting at age 50. This amount is the total allowable contribution you can make to both Traditional and Roth IRA plans.
Who is eligible?	If you have taxable earned income, you can participate. There are limits on how much you can contribute based on your income and tax filing status.	If you have taxable earned income, you can participate up to the age of 70½. There are income limits for tax-deductible contributions.
When can I start making withdrawals?	You can withdraw your contributions without penalty at any time. You can begin making penalty-free withdrawals of earnings if you are at age 59½ and if your account has been open for at least 5 years.	You can begin making penalty-free withdrawals at age 59½ and you must begin taking distributions by age 70½.

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