It is important to find the IRA that is right for you.
Offers you a tax deduction right now. This is a smart choice if you anticipate paying taxes at a significantly lower rate in retirement.
A more flexible investment because you can withdraw regular contributions at any time, tax-free, penalty-free. The principle amount for a Roth IRA is never subject to tax or penalties in the future, within the contribution guidelines, since the money you contribute is already taxed. You also are not required to take mandatory distributions at age 70½.
Requires no deductible, while offering you tax-free withdrawals to pay for higher education expenses such as tuition, books, supplies and equipment. The Education IRA, now known as a Coverdell ESA, can also cover elementary and high school expenses at most public, private and parochial schools.
Please contact your personal banker for additional information, including IRA rollovers, early withdrawal penalties, contribution limits and general account requirements.