Phone: 1.800.828.2318

Individual Retirement Accounts (IRA)

Benefits

I'm a long way from retirement right now... but that's all the more reason to start saving! The more time I have, the more money I can put aside, and the more interest I can earn. With my IRA from Community Savings Bank, I got an incredible interest rate to put toward my future and tax advantages to ease my financial burden in the here and now!

Please contact one of our investment specialists.

Types of IRAs

TRADITIONAL - Traditional IRAs (Individual Retirement Accounts) can benefit eligible individuals with an income tax deduction in the year for which contributions are made, as well as tax-deferred earnings.

ROTH - Roth IRAs feature non-deductible contributions but potentially tax-free earnings!

SEPs & SIMPLEs - Simplified Employee Pension plans (SEPs) and Savings Incentive Match Plan for Employees of Small Employers (SIMPLEs) are two ways Employers in smaller businesses can contribute to IRAs for their employees.

CESAs - Coverdell Education Savings Accounts (CESAs), like Roth IRAs, feature non-deductible contributions but potentially tax-free earnings. This plan is designed to help pay for qualified education expenses.