- Contribute up to $5,000/year if you have earned income and up to $6,000/year if over age 50
- The deposit you make may be deductible for you on your taxes
- All earnings on your IRA are tax deferred until you make withdrawals from the account
- You may rollover a pension into an IRA with The St. Henry Bank after you have retired from your job or have changed jobs
* Penalty may apply for early withdrawal. Special withdrawal privileges if over 59 ½.