Reliance State Bank

Individual Retirement Account (IRA)

Retirement savings that work with your life.

An IRA helps you set money aside for the future, with tax advantages that grow over time. It’s designed to fit alongside your job, your income, and your life—not the other way around.

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A good fit for

  • Building long-term retirement savings
  • Taking advantage of tax benefits
  • Saving outside of employer plans
  • Choosing flexibility between now or later tax savings 

 

Traditional Roth
  • Tax-deductible contributions1
  • Tax-deferred growth 
  • Taxed at withdrawal2
  • Required distributions
  • After-tax contributions 
  • Tax-free growth 
  • Tax-free qualified withdrawals 
  • No required distributions 

*Eligibility may vary 


Questions about IRAs?

A short conversation can help you understand how an IRA fits into your overall financial picture.

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View current IRA rates

 


1 Contact your tax professional regarding Tax deductibility.

2 If you take distributions within the first five years, you will receive a 10% penalty on the distribution amount. Please contact us for additional details.

 

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