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With an IRA from Iowa State Savings Bank, you get secure, completely-insured investment options. Just select the IRA that fits your investment goals.

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Traditional 

  • Earnings are tax deferred until withdrawal
  • Annual contributions of $6,000 ($7,000 if age 50 or older)*
  • Contributions may be tax deductible**
  • Created for individuals who do not participate in employer-sponsored retirement plans
  • Certain individuals who do participate in employer-sponsored retirement plans may still qualify
  • Mandatory minimum distributions at age 72

*The annual contribution limit is a combined total of all IRA accounts.

**Contact your tax professional regarding deductibility.


Roth

  • Offers a tax structure unlike any other IRA, with after-tax contributions and tax-free growth*
  • Annual contributions of $6,000 ($7,000 if age 50 or older)**
  • Withdraw money from your Roth IRA at any time without paying taxes up to the amount of your contributions***
  • Qualified withdrawals are not taxable
  • No mandatory minimum distributions at age 72

*Contact your tax professional regarding deductibility.  

**The annual contribution limit is a combined total of all IRA accounts.

***If you take distributions within the first five years you will receive a 10% penalty on the distribution amount.


Stop by one of our branches to open an IRA that fits your investment goals today.

Contact us to learn more.

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