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IRAs & Retirement Plans

IRA ACCOUNTS

Roth IRA
Eligible individuals are allowed non-deductible contributions with tax-free (Federal Income Tax) withdrawals for certain distribution reasons after a five year holding period. Beginning in 2002, individuals age 50 and older will have an opportunity to make "catch-up" contributions. Catch-up contributions provide individuals with an opportunity to exceed standard contribution limits.

Traditional IRA
Eligible individuals are allowed to make tax deductible contributions with tax-deferred earnings. Beginning in 2002, individuals age 50 and older will have an opportunity to make "catch-up" contributions. Catch-up contributions provide individuals with an opportunity to exceed standard contribution limits.

Simplified Employee Pension (SEP) plans
We accept contributions to SEP accounts.

Coverdell Education Savings Account (CESA)
Is a non-deductible account with tax free withdrawals for a child's educational expenses. Federal eligibility requirements and contribution limits apply.

See our IRA Specialists, Jesse Lutgen or Judy Heitzman, for more information.

Health Savings Account (HSA)
Is a tax-exempt trust or custodial account established exclusively for the purpose of paying or reimbursing qualified medical expenses of you, your spouse, and your dependents.

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