Do you have a plan for a financially fit retirement? An easy way to save, especially for those without access to a company-sponsored program like a 401(k), is an Individual Retirement Account (IRA). Traditional IRAs allow you to make tax-deferred investments to provide financial security when you retire. Whether retirement is still a few years away or something you’re ready for today, our experienced and trusted team of financial advisors can help you choose the best products and services to give you peace of mind knowing that you’re going to be financially stable when you retire.

Features:

  • Contributions can be made regardless of age, assuming you have earned income
  • Earned income at least equal to IRA contribution; no income ceiling*
  • Distributions must begin at age 73; remainder at death can pass to heirs
  • Contributions potentially tax-deferred
  • Earnings grow tax-deferred
  • Distributions taxable
  • Max. Annual Contributions $6,000; $7,000 for worker age 50 or older
  • Withdrawals before 59 ½, 10% penalty may apply in addition to taxes

Need help?

For more information or questions, please contact us by phone at 1-800-388-4380 or email us at Fidelity@fddbank.com.

*If you participate in an employer-sponsored retirement plan, tax deferment of contributions to a Traditional IRA depends on your Modified Adjusted Gross Income (MAGI) and your tax-filing status.

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