Roth IRA

Roth Individual Retirement Accounts

Roth IRAs are interest-bearing retirement investments that offer the benefit of tax-free, compounded growth. Similar to CDs, IRAs are FDIC-insured and offer guaranteed returns despite market changes. Traditional and Roth IRAs are the most common, but your lifestyle and financial goals — as well as your age and income — will help determine which IRA is right for you.

If you expect to be in the same or a higher tax bracket when you retire, a Roth IRA might be preferred. Unlike a Traditional IRA, there are no age restrictions to contribute as long as income is earned, and there are no age-prompted mandatory withdrawals. Roth IRAs offer the potential for tax-free growth on your earnings and tax-free qualified withdrawals, but contributions are not tax deductible.

Bank SNB’s $15 annual fee is waived if you also have a Relationship Checking account.

Explore our retirement calculators, or call 888.762.4762 for more information about the IRA that’s right for you.

All questions regarding tax deductions and withdrawal limits for taxable purposes should ALWAYS be discussed with a tax advisor.