Individual Retirement Account (IRA)*
A safe, secure IRA to fit every retirement plan
The IRS sets the guidelines for IRAs at all financial institutions. Information provided is for informational purposes only.
A traditional IRA is a way to save for retirement giving you possible tax advantages. Contributions you make to a traditional IRA may be fully or partially deductible, depending on your filing status and income, and generally, amounts in your traditional IRA (including earnings and gains) are not taxed until you take a distribution (withdrawal) from your IRA.
A Roth IRA is a special individual retirement account (IRA) where you pay taxes on money going into your account, and then if you satisfy the requirements, qualified distributions (withdrawals) are tax free.
Save for education expenses (also known as a Coverdell IRA, Coverdell ESA, or Education Savings Account). The money deposited (after-tax) and earned can be withdrawn tax-free if spent on education. See the IRS website for more information.
Move your current retirement account from another financial institution or a previous job (401k, 403B, 457, etc.) to one of the IRAs above.
*FAST is not responsible for determining member qualifications, limitations, or tax related issues regarding IRAs or any tax advantaged account. Eligibility and account qualifications are subject to the member's individual circumstances and applicable regulations. You are advised to seek advice from your own tax professional and attorney.
