Retirement Investment Options
Retirement Planning Simplified
A sound retirement plan is a necessity today, and North American Banking Company can help your savings dollars grow with a variety of retirement investment options. Talk to a banker today about our Retirement Savings Certificates and Variable Rate Savings products.
North American Banking Company offers a variety of retirement investment options, including both a Traditional IRA and a Roth IRA.
A traditional IRA is an excellent tool to build your retirement nest egg. Funds in your account grow tax deferred - you pay no income tax on your earnings until the money is withdrawn at retirement. Contributions can be made to your Traditional IRA up until age 70 1/2 — and they may be tax deductible! (Consult your tax advisor for details.)
Roth IRA contributions are made with nondeductible, after-tax dollars and may be withdrawn tax and penalty free. Your annual income determines if and how much you can contribute. All earnings are federal income tax and penalty free when withdrawn, as long as the account has been held for at least five years and the distribution falls into one of the eligible distribution categories.
Contact a personal banker at the location nearest you to start saving today.