Traditional IRAs: No frills, just a solid investment.
Traditional IRAs are simple: You put money in, let it grow, and take it out at retirement. You may be able to withdraw some of it without penalty, if you’re buying your first home or applying it to educational expenses.
It’s never too early—or too late—to start an IRA1. Your Great Western Bank IRA offers the following:
- No fees to maintain your account
- No fees for internal transfers or rollovers
- Withdrawals for education or your first home2
1Traditional IRA contributions cannot be made past age 70 and 1/2.
2Any money withdrawn is still taxable as regular income and may be subject to bank penalty.
Please consult a tax advisor to determine if the earnings would be taxable or not.