Individual Retirement Accounts (IRAs)

While we can't promise unlimited bass fishing on The Big O, investing in your future now is the best way to make it happen. An IRA is your ticket to financial security, and the sooner you start, the better off you'll be.

• Personalized First Bank management
• Excellent tax benefits
• Self funded, does not require employer participation

• Contributions are tax-deferred until withdrawal
• Current income grows tax-free until withdrawal
• Subject to lower tax bracket upon withdrawal, so it maximizes untaxed savings
• May be eligible to deduct contributions on tax returns
• Penalty-free early withdrawal for certain expenses (buying a first home, college, uninsured medical coverage, etc.)

• Unlike Traditional IRA, incurs the tax now
• All earnings are tax-free at withdrawal
• Your income is taxed now, when you are working, instead of at retirement when on fixed income
• Penalty-free early withdrawal for certain expenses (buying a first home, college, uninsured medical coverage, etc.)