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Traditional
IRAOpen your IRA at Mountain National Bank now and take your first step in building a more secure future for your retirement.
IMPORTANT
INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT
To help the government fight the funding of terrorism and money laundering activities,
Federal law requires all financial institutions to obtain, verify, and record
information that identifies each person who opens an account.
What this means for you: When you open an account, we will ask for your name,
address date of birth, and other information that will allow us to identify you.
We may also ask to see your driver's license or other identifying documents.
Traditional IRA
- Earn high yield interest rates
- Earnings grow tax-deferred
- Contributions may be partially or fully tax deductible
- Effective 2002, you may contribute a maximum of $3,000 or 100% of earned income, annually, whichever is less. A $3,500 (catch up) contribution is allowed for individuals age 50+. Future contribution levels will be increasing*
- Must be under age 70 1/2, with earned income
- Consult your tax advisor regarding retirement investing
* See your Customer Service Representative for more details
Roth IRA
- Earnings can grow tax free
- Effective 2002, you may contribute a maximum of $3,000 or 100% of earned income, annually, whichever is less. A $3,500 (catch up) contribution is allowed for individuals age 50+. Future contribution levels will be increasing*
- Contributions are never tax deductible, but distributions can generally be withdrawn tax-free
- Distributions are not required to be taken at age 70 1/2
* See your Customer Service Representative for more details
IRA Certificate of Deposit
- Tied to our Certificates of Deposit
- Choose the term that suits your needs
