Roth IRA at Waldo State Bank

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Roth IRA

What are the benefits of a Roth IRA?

Tax-deferred, and possible tax-free earnings.
Tax-free withdrawals of qualified distributions.
Tax credit, if eligible.

Who is eligible to contribute to a Roth IRA?

Roth IRA Owners must have eligible compensation (generally earned income) to contribute to Roth IRAs. In addition, Roth IRA owners whose income exceeds certain government-defined limits are not eligible. These requirements do not apply to rollover, transfer, and conversion contributions.

Are distributions from a Roth IRA ever required?

Roth IRA owners are not required to take distributions from their Roth IRAs.

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We also offer:

Traditional IRA

A tax-favored arrangement created to save for retirement.

Certificates of Deposit

Timed deposits with a promised return.

Contact Waldo State Bank to find out more about our personal and business banking opportunities!

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