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Your future retirement should be filled with the activities you love, like a walk through the park or a visit with the grandkids. It shouln't be filled with financial stress. Ensure a leisurely future with an IRA. At FCB, we offer competitive rates on traditional and Roth options to help you reach your dreams, each offering distinct tax advantages*. It's never too late to get started — there's even a catch-up provision.

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  • Save for retirement with tax advantages*
  • Earn competitive interest higher than regular savings
  • Available in traditional and Roth
  • Annual contribution limits apply
  • $5,500 contribution limit per year
  • $1,000 annual "catch up" contributions allowed for ages 50 and better
  • No annual fees or set up fees
  • Early withdrawals subject to penalty
  • FDIC insured
  • $100 minimum deposit to open

There are advantages to both traditional and Roth IRAs. One of the biggest differences is the time at which you see the most advantage. A traditional IRA provides potential tax relief today, while a Roth IRA has the potential for the most tax benefit at time of retirement.

Traditional IRA

  • No income limits to open
  • No minimum contribution requirement
  • Contributions are tax deductible on state and federal income tax*
  • Earnings are tax deferred until withdrawal (when usually in lower tax bracket)
  • Withdrawals can begin at age 59 ½
  • Early withdrawals subject to penalty*
  • Mandatory withdrawals at age 70 ½

Roth IRA

  • Income limits to be eligible to open Roth IRA*
  • Contributions are NOT tax deductible
  • Earnings are 100% tax free at withdrawal*
  • Principal contributions can be withdrawn without penalty*
  • Withdrawals on interest can begin at age 59 ½
  • Early withdrawals on interest subject to penalty*
  • No mandatory distribution age
  • No age limit on making contributions as long as you have earned income

*Consult a tax advisor.