Personal Banking: Roth IRA

  • FDIC insurance
  • Funded with after-tax dollars
  • Adjusted gross income limitations apply
  • Savings accrue tax-free
  • Split eligibility possible with Traditional IRA
  • Contributions may be made at any age
  • No mandatory withdrawal age
  • Withdrawals may begin at age 59 1/2
  • Ability to make “catch-up” contributions of the maximum amount may begin at age 50
  • Semi-annual statement
  • Interest compounded
  • Online and telephone banking available
Commercial Bank Swoosh