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Tax Advantages
- Tax-deductible contributions (Traditional IRA)
- Tax-free growth potential (Roth IRA)
- Tax-deferred earnings until withdrawal
Heritage Bank offers comprehensive Individual Retirement Account options to help you build a secure financial future. Whether you're just starting your career or nearing retirement, our IRAs provide tax advantages and flexible investment options to meet your retirement goals.
Tax-deductible contributions and tax-deferred growth until withdrawal during retirement.
Learn MoreAfter-tax contributions with tax-free growth and qualified withdrawals in retirement.
Learn MoreDesigned for self-employed individuals and small business owners with flexible contributions.
Learn MoreTransfer retirement assets from previous employer plans while maintaining tax advantages.
Learn More
Access to retirement planning specialists who can help you choose the right IRA and investment strategy for your goals.
Choose from a wide range of investment options including stocks, bonds, mutual funds, and certificates of deposit.
24/7 access to your IRA account with secure online banking and investment tracking tools.
Access retirement calculators, educational resources, and planning tools to help you stay on track.
For 2024, you can contribute up to $7,000 to traditional and Roth IRAs ($8,000 if you're age 50 or older). SEP IRA limits are higher and based on self-employment income.
The choice depends on factors like your current income, tax situation, and retirement timeline. Traditional IRAs offer immediate tax benefits, while Roth IRAs provide tax-free withdrawals in retirement.
You can start taking penalty-free withdrawals at age 59½. Traditional IRAs require minimum distributions starting at age 73, while Roth IRAs have no required minimum distributions.
