Secure your future with a Bank Iowa IRA
Planning ahead is the key to a comfortable retirement. Individual Retirement Accounts (IRAs) offer a smart way to build your savings—with the added security of FDIC insurance up to $250,000 and flexible distribution options to fit your needs.
Traditional IRA
- Contributions grow tax-deferred until withdrawal.
- May qualify for tax deductions on your current return.
- Penalty-free early withdrawals allowed for specific expenses (e.g., first home, college tuition, uninsured medical coverage, etc).
Roth IRA
- Pay taxes now instead of during retirement.
- Enjoy tax-free qualified distributions in the future.
- Ideal for those who prefer to pay taxes while earning rather than when on a fixed income.
- Allows penalty-free early withdrawals for certain expenses (e.g., first home, college tuition, uninsured medical coverage, etc).
Not sure which IRA is right for you? Use our Bank Iowa calculator below to compare your options.
Let Bank Iowa help you take the next step toward a secure retirement—find a Bank Iowa location today!