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
