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Individual Retirement Accounts 

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You have big dreams for retirement.  But no matter if they involve traveling the globe or just enjoying life in your own backyard, you’ll need regular income to finance them.

Help make your retirement dreams a reality with an Individual Retirement Account (IRA) from PrimeTrust. 

PrimeTrust IRAs may be tax-deferred and are federally-insured up to $500,000. IRAs are designed to grow your earnings and help you save for retirement.  We offer flexible plans to fit your life stage, income level, and retirement goals.

Traditional IRA

Traditional IRAs are ideal for investors at high or peak earning potential who expect a lower tax rate in retirement.  With a Traditional IRA, you may contribute annually up to $5,000 or 100% of employment compensation – whichever is less. At age 50, $6,000 can be distributed.

Earnings are tax-deferred until withdrawn, and may be tax-deductible depending on modified gross income and other factors.  Please consult a Tax Advisor for more information.

Traditional IRA Features

  • Earnings grow tax-deferred until withdrawn
  • No monthly service or account origination fees
  • Low minimum of $50.00 to open an account
  • Contributions may be tax-deductible**
  • Pension funds, 401K and/or other roll over accounts can be transferred easily**

Roth IRA

Roth IRAs are a good option for investors with growing earning potential who expect the same or a higher tax rate in retirement.  With a Roth IRA, you may contribute annually up to $5,000 or 100% of employment compensation – whichever is less. At age 50, $6,000 can be distributed.

Contributions to a Roth IRA are not tax deductible, but earnings are tax free when withdrawn.    Please consult a Tax Advisor for more information.

Roth IRA Features

  • Earnings accumulate tax-free
  • No monthly service or account origination fees
  • Low minimum of $50.00 to open an account
  • Pension funds, 401K and/or other roll over accounts can be transferred easily**

To open an IRA account, please visit your nearest PrimeTrust branch.

**Subject to IRS rules.  Please consult a tax advisor.

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