IRAs

IRAs are a great way to save for your retirement years and possibly lower your taxes! Consider our Traditional or Roth IRAs.

Funds deposited into variable rate ENB Certificates of Deposit

TRADITIONAL IRA

• Contributions may be deductible and earnings are tax deferred
• Withdrawals may begin at 59 1/2 and minimum distributions are mandatory at 70 1/2
• No minimum age is required as long as individual has earned income and is filing a tax return
• No set up or administration fees

ROTH IRA

• Earnings are tax free as long as 5 year waiting period is satisfied and qualifying distribution rules have been met
• Non-deductible contributions
• Withdrawals may begin at age 59 1/2
• No maximum age to open or contribute. Contributions may continue after the age of 70 1/2 as long as the individual has earned income and files a tax return
• No set up or administration fees