Retire with Purpose
Understanding your IRA Options
Choosing the right IRA starts with understanding how each option works. Traditional and Roth IRAs differ when you pay taxes—Traditional IRAs may offer tax benefits now, while Roth IRAs allow for tax-free withdrawals later, depending on eligibility.
You can also choose how your money grows: a Money Fund IRA offers flexibility and easy access, while a Certificate IRA provides a fixed rate and term for more predictable, long-term growth.
Traditional IRA Certificate
Earn now, pay later. Contributions grow on a tax-deferred basis while you earn dividends like a certificate with fixed terms of six months to 10 years.
- Open with $500 minimum deposit
- Contributions may be tax deductible
- Earnings are tax-deferred
- Dividends paid monthly
- Automatic renewal at maturity
Roth IRA Certificates
Pay now, save later. Fewer age restrictions allow you to keep contributing so your account can continue to grow.
- Earnings are tax-free
- No age limit on contributions
- No required distribution at age 73
- Dividends paid monthly
- Automatic renewal at maturity
Traditional Money Fund IRA
Tax benefits now, without having funds locked up for a set amount of time.
- No minimum opening deposit required
- Contributions may be tax deductible
- Earnings are tax-deferred
- No age limit on contributions for individuals who have earned income and are eligible
- Dividends paid quarterly
Roth Money Fund IRA
Tax benefits later, without having funds locked up for a set amount of time.
- No minimum opening deposit required
- Earnings are tax-free
- No age limit on contributions
- No required distribution at age 73
- Dividends paid quarterly