IRA FAQs

An IRA is a long-term savings tool designed to help you prepare for retirement while taking advantage of valuable tax benefits. By contributing over time and choosing options that align with your goals, an IRA helps you build a more confident financial future—at your own pace.

Both Traditional and Roth IRAs are built to support your retirement goals, but they offer different tax advantages. With a Traditional IRA, contributions may be tax-deductible today, and your savings grow tax-deferred until withdrawal. A Roth IRA, on the other hand, is funded with after-tax dollars—allowing for tax-free withdrawals in retirement when certain conditions are met. The right choice depends on your current financial situation and your long-term plans.