Traditional IRA

Traditional IRAs
Retirement has a way of sneaking up on people. But don’t worry, ProGrowth Bank has an IRA account to help you ready your finances for retirement!
 
It’s never too early or too late to start taking control of your retirement. So start now! A Traditional IRA from ProGrowth Bank lets you save for your future through tax-deferred contributions and provides a range of options for withdrawing funds when the time comes.
 

ProGrowth Bank Traditional IRA features & benefits:

  • Contribute up to $6,000 of earned income (exact amounts are subject to change each year)1
  • Over 50 you can contribute up to $7,000 of earned income (exact amounts are subject to change each year)1
  • Often contributions are 100% tax-deductible1
  • Distributions are generally taxable and may incur a penalty under certain circumstances
  • Distributions are required to be taken beginning at age 72
  • Earnings grow tax-deferred
  • Fund withdrawals without penalty at age 59 ½
  • Fund withdrawals before age 59 ½ subject to 10 percent penalty and additional fees. Some exceptions available.2

Open an Account Today

Visit a ProGrowth Bank branch location or call 1-888-244-3490.