IRA

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With an IRA from Iowa State Savings Bank, you get secure, completely-insured investment options. Just select the IRA that fits your investment goals.

Traditional

Earnings are tax deferred until withdrawal
Annual contributions of $6,000 ($7,000 if age 50 or older)*
Contributions may be tax deductible**
Created for individuals who do not participate in employer-sponsored retirement plans
Certain individuals who do participate in employer-sponsored retirement plans may still qualify
Mandatory minimum distributions at age 72

*The annual contribution limit is a combined total of all IRA accounts.

**Contact your tax professional regarding deductibility.

Offers a tax structure unlike any other IRA, with after-tax contributions and tax-free growth*
Annual contributions of $6,000 ($7,000 if age 50 or older)**
Withdraw money from your Roth IRA at any time without paying taxes up to the amount of your contributions***
Qualified withdrawals are not taxable
No mandatory minimum distributions at age 72

*Contact your tax professional regarding deductibility.

**The annual contribution limit is a combined total of all IRA accounts.

***If you take distributions within the first five years you will receive a 10% penalty on the distribution amount.

Stop by one of our branches to open an IRA that fits your investment goals today.