IRA (Individual Retirement Account) Chart
If Your Test Score Is…
Under 14 Points:
An IRA may not be right for you at this time. Speak to one of our Personal Bankers for more information.
14 Points or More:
If your age is 21 to 35:
Now is the ideal time to open an IRA. If you save $2000 a year at 6% or more, you could have $300,000 or more at age 65.
If your age is 36 to 45:
You’re in your peak earning years. Start an IRA today. Don’t delay.
If your age is 46 to 64:
If you haven’t opened an IRA by now, you should do so immediately.
If your age is 65 or more:
If you’re retired, it’s too late to open an IRA. But if you’re still working, you can continue to invest for a more secure future.
The information provided in this page is not intended to be legal or tax advice. You should consult your attorney or tax advisor for information that relates to your specific circumstances. A penalty may be imposed for early withdrawal. $25 minimum opening deposit on IRAs.
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