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Traditional IRA
A traditional IRA is a type of retirement plan that has been in existence since
1975. Traditional IRA's offer tax-deferred earnings, and the possibility
for tax-deductible contributions. These tax advantages make the
traditional IRA a powerful tool in creating your balance, long-term savings
plan.
Roth
IRA
The Roth
IRA is a new kind of individual retirement account created by the Taxpayer
Relief Act of 1997. Named for Senate Finance Committee Chairman William
Roth, Jr. (R-DE), this IRA offers more incentives to boost your retirement
savings, as well as more ways to use your nest egg.
Coverdell Education Savings
Account
The
Coverdell Education Savings Account is a new kind of tax-advantaged savings account created by the
Taxpayer Relief Act of 1997. This
IRA's sole purpose is to help you pay for your child's higher-education
expenses, such as tuition, fees, books, supplies and equipment. In some
cases, room and board is also a qualified expense.
Please call Laura Andorf, our
IRA specialist at (225) 389-3059, ext. 216 for more information or current
dividend rates.
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