Get Your Traditional IRA Started Through Us.
Anyone under age 70 ½ who earns taxable income can have a traditional IRA. Contributions may or may not be taxable, depending on several factors:
- How much you earn
- Your tax filing status
- Whether or not you receive social security
- Whether or not you have access to a retirement plan at work.
Deductible Traditional IRA
Deductible IRA contributions can be deducted from your taxable income.
Non-Deductible Traditional IRA
Contributions to a non-deductible IRA are funded “after taxes.” These contributions can’t be deducted when you file your tax return.
Open a Traditional IRA
To open your IRA, contact us or visit one of our First International Bank & Trust locations.