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.