Traditional IRA
It's never too early to start saving for retirement. Merchants State Bank offers a no-fee Traditional IRA Savings Account. The convenience and flexibility of this account make it easy to save for retirement. A Traditional IRA includes the following benefits:
- Most contributions are tax deductible when made
- Earnings on the account are tax-deferred until distribution
- Allows rollovers from retirement or 401(k) plans to shelter those funds until retirement
Traditional Contribution Limits
|
Year
|
Contribution Limit
|
Ages 50+
|
|
2019 & After
|
$6,000
|
$7,000
|
See our current rates. Start saving today! |
