Traditional IRA - Contributions may be tax deductible. Earn interest that is tax deferred as it accumulates and compounds - allowing your retirement savings to grow much faster than traditional savings.
Roth IRA - Contributions are not tax deductible, but distributions of principal and interest may be tax-free after five years. The Roth IRA is a very flexible retirement planning option.
Education IRA - Contributions are not tax deductible, but distributions may be tax-free if they are used to pay for higher education.
All of these retirement planning options are available through a variety of accounts including Money Market Accounts and Certificates of Deposit.
Money Market IRA - Allows qualified individuals to defer taxable income and earn money market rates. As a retirement account, however, no checks will be permitted to be issued against this account. CLICK HERE for more information on Money Market Accounts.
Certificate of Deposit - With an INTERVEST NATIONAL BANK IRA Certificate of Deposit, you can enjoy investing for various maturities. CLICK HERE for more information on CDs.