IRA

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With an IRA from First National Bank, you get secure, completely-insured investment options with a manageable initial investment. Just select the IRA that fits your investment goals.

Traditional 

• Earnings are tax deferred until withdrawal
• Annual contributions of $5,500 ($6,500 if age 50 or older)
• Contributions may be tax deductible*
• Created for individuals who do not participate in employer-sponsored retirement plans
• Certain individuals who do participate in employer-sponsored retirement plans may still qualify
• Mandatory minimum distributions at age 70 and a half

*Contact your tax professional regarding deductibility 

Roth

• Offers a tax structure unlike any other IRA, with after-tax contributions and tax-free growth*
• Annual contributions of $5,500 ($6,500 if age 50 or older)
• Withdraw money from your Roth IRA at any time without paying taxes up to the amount of your contributions**
• Qualified withdrawals are not taxable
• No mandatory minimum distributions at age 70 and a half

*Contact your tax professional regarding deductibility.  

**If you take distributions within the first five years you will receive a  10% penalty on the distribution amount.

Stop by one of our branches to open an IRA that fits your investment goals today.