Individual Retirement Accounts (IRA)

An Individual Retirement Account (IRA) is a personal savings tool designed to help you set aside money for retirement with tax advantages. You contribute funds into the account, and these investments grow over time. Depending on the IRA type—Traditional or Roth—your contributions or withdrawals may be tax-deductible or tax-free, respectively. IRAs provide a way to build retirement savings independently of employer plans, offering flexibility and potential tax benefits to help you prepare financially for your future.