Planning for your retirement is not a simple task. It requires establishing your destination and finding the best course of action to help you get there. Schedule a consultation with one of our experienced Bankers today. View our Branch Locations to find a Fremont Bank location near you.

Traditional IRA				Roth IRA
The traditional IRA is an account that allows you to defer taxes on your earning until they are withdrawn. Also, certain contributions are deductible in the tax year for which they are made.				The Roth IRA is an account that features generally tax-free withdrawals for certain distribution reasons after a five-year holding period. Since Roth IRA contributions are non-deductible and taxed in the year they are earned, some people benefit more from these accounts than from a traditional IRA.
Anyone under age 70 ½ with earned income can open a traditional IRA.* Earnings grow tax-deferred until the holder begins to withdraw the funds, which can occur at or after age 59 ½ without penalty.** Contributions can be made up to $5,000 for tax year 2008. A non-working spouse can contribute the same amount to his/her own IRA. If you are over age 50, you may be able to "make-up" your contributions with an additional $1,000 annually. In certain cases, contributions may be tax deductible.*				Participation is subject to compensation limits* Contributions may be withdrawn tax and penalty free. Contributions are not tax-deductible. Qualified distribution of earnings may be withdrawn tax and penalty free.** Contributions can be made after the age of 70 ½ if you have earned income. If you are over age 50, you may be able to "make-up" your contributions with an additional $1,000 annually.

Maximize your retirement investments with one of our IRA Certificates of Deposit.

* Subject to eligibility requirements. Consult your tax or legal advisor before making tax- or legal-related investment decisions.

** Income taxes are payable upon withdrawal and subject to a 10% tax penalty for withdrawal prior to age 59 ½. Non-qualified plans are subject to income taxes and penalties.

*** There is a 5-year holding period for determining whether earnings can be withdrawn tax-free as part of a qualified distribution..