Traditional IRA

  • 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.