Individual Retirement Accounts
First National Bank offers several investment strategies that will make saving for retirement simple:
Traditional IRA
A traditional IRA is a tax-deferred personal retirement fund. Features include:
- Tax-free growth of your contributions
- Annual contributions allowed for those who qualify
- Available to everyone; no income restrictions
Roth IRA
A Roth IRA is another investment option that allows you to effectively shelter money for retirement. Features of a Roth IRA include:
- Up-front taxation of contributions; no future tax liability
- Tax-free withdrawals
- No mandatory distribution age
- Principal contributions may be withdrawn any time without penalty