Spencer’s IRAs are insured by the FDIC up to $250,000 per depositor.
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Traditional IRA* |
Roth IRA* |
| Why Spencer? |
- Hassle-free rollovers and transfers
- Minimum to open as low as $500
- Variety of terms available to meet your needs
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- Hassle-free rollovers and transfers
- Minimum to open as low as $500
- Variety of terms available to meet your needs
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| Benefits |
- Tax-Deferred Earnings
- Contributions and earnings can be withdrawn IRS penalty-free after age 59½
- Contributions may be tax-deductible, provided that eligibility requirements are met.
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- Tax-Free Earnings
- Contributions (not earnings) can be withdrawn IRS penalty-free, at any time
- Contributions are not tax-deductible like Traditional IRAs.
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| Who Can Invest? |
- Anyone earning income provided eligibility requirements are met
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- Anyone earning income provided eligibility requirements are met.
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| Maximum Annual Contribution |
- $7,000 (below age 50)
- $8,000 (age 50 and older)
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- $7,000 (below age 50)
- $8,000 (age 50 and older)
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*Please consult with your tax advisor regarding possible tax advantages and eligibility requirements.
Open Your Account Today
Inquire online, visit your local Financial Center, or call us at 1-800-363-8115 today!
