Unlike a Traditional IRA, the new contributions you make to your Roth IRA cannot be deducted from your annual income.

However, if your earnings meet the necessary requirements, then you can withdraw them tax-free and penalty-free. Another unique feature the Roth IRA has to offer is that it allows you to continue making new contributions even after age 70 ½, again as long as you meet the basic requirements.

To open up a Roth IRA, please visit one of our convenient branch locations.