Certificates of Deposit & IRAs

CDs & IRAs

Certificates of Deposit (CDs)

With the fluctuations of the stock markets people need an investment tool that will allow them to grow their hard earned dollars.

Certificates of Deposit are that tool!

CD’s allow you to earn a competitive interest rate while giving you the peace of mind knowing that your deposit and interest are insured up to the maximum allowed by an agency of the federal government.

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Individual Retirement Account (IRAs)

If you are under age 70 ½ for the entire tax year and have earned income, you are
eligible to establish a Traditional IRA. To open a Roth IRA, there is no age restriction and eligibility is based on having earned income and your modified adjusted gross income cannot exceed certain limits. You may deposit any amount up to 100% of your earned income or $5,000, whichever is less.

If you are age 50 or above, you may deposit catch-up contributions of up to $1,000
in addition to the $5,000.

Earnings on IRA contributions remain tax deferred until withdrawals are made.

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Reg E Regulations

Application