By choosing a Traditional IRA, you are able to contribute to your account tax free until you begin withdrawals as early as age 59 1/2. Prior to age 59 1/2, you can only take withdrawals penalty free for: a first time home purchase, higher education, unemployment or certain medical expenses, or as a result of disability or death. To decide if a Traditional IRA is the right choice for you, browse IRA Options for more details.
Open a CD or Money Market Traditional IRA
Your retirement years may be a long way off, or just around the corner. Until then, your day-to-day focus needs to be on building your career, not your retirement savings. You have the ability to open your new Traditional IRA or rollover an existing Traditional IRA online through two interest-bearing options: money market account or certificate-of-deposit (CD). To get started on preparing for your retirement, open a Traditional IRA today.
Ways to Invest Your IRA
CNB offers a comprehensive suite of investment options for all retirement accounts, no matter how much you have to invest. Discover the many ways you can invest your Traditional IRA through CNB’s ChosenTM Investment Strategies. Please contact us at 585-419-0670 for a free consultation to discuss your personal retirement needs, and let us help you achieve your goals.
If you would like additional information, please use the contact us form or if you would like to speak with a Financial Services Professional, please call 585.419.0670.
This material is provided for general information purposes only and is not a recommendation or solicitation to buy or sell any particular security, product or service. Past performance is not indicative of future investment results. Any investment involves potential risk, including potential loss of capital. Before making any investment decision, please consult your legal, tax and financial advisors. Non-deposit investment products are not bank deposits and are not insured or guaranteed by Canandaigua National Bank & Trust, or any federal or state government or agency and are subject to investment risks, including possible loss of principal amount invested.