An IRA is your first line of defense in building assets for a comfortable retirement. Fortunately IRAs are getting better and better. Not only can you save for retirement, you may be able to lower your tax bill.
  

Features

• Tax-deferred earnings
• Your tax refund can be directly deposited to an IRA
• You can roll your 401(k) to either a Traditional or Roth IRA

• You can make tax-free distributions to charities

• Funds can be automatically transferred from your checking account to your IRA each month
• Minimum deposit to open: $1,000

Benefits

• No set-up fee or annual fee
• No monthly maintenance fee
• Possible tax deduction
• Special benefits for active-duty military

Guidelines

• You have until April 15 to make a contribution that may reduce the previous year’s tax bill.

• Due to the nature of IRAs, we recommend you consult a tax professional for details concerning contributions, distributions, tax advantages, and tax laws.