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Helping you plan for your financial future.

It’s never too early to start thinking about and planning for your retirement. Some financial experts estimate that the average person will need approximately 75 to 80 percent of their pre-retirement income in order to maintain their standard of living after they retire.* Reach your retirement goals with one of The Finest’s retirement savings accounts.

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A traditional IRA is a tax deferred saving account that is specifically used for retirement savings. You don’t pay taxes on funds invested in an IRA until you withdraw them upon retirement.

  • Minimum deposit of $500

  • Dividends are compounded and paid quarterly

  • Taxes are paid on funds after withdrawal

  • Penalties for early withdrawal, unless qualifying reason applies

  • $5,500 contribution limit per year for people under 50 years of age

  • Must start taking distributions by age 70 ½


A Roth IRA is also a retirement savings account, however taxes are paid upfront at the time you make the contribution. Once invested, the funds in a Roth IRA continue to grow with no additional tax requirement.

  • Minimum deposit of $500

  • Dividends are compounded and paid quarterly

  • Taxes are paid upfront upon contribution

  • Withdrawal can be made at any time

  • Withdrawals made before age 59 ½ will be penalized unless qualifying reason applies

  • No required age or date for taking distributions, funds can stay in a Roth IRA as long as you choose

  • Can keep contributing to a Roth IRA regardless of age

*US News & World Report April 19, 2014.

For more information, contact the member services department