Individual Retirement Accounts (IRA)
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Traditional IRATake advantage of tax benefits today.
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Roth IRAEnjoy tax-free withdrawals in the future.
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Flex IRAConsolidate funds from various retirement accounts.
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IRA CDEarn a guaranteed interest rate for a fixed term.
Traditional IRA
Contribute Pre-Tax Dollars to a Retirement Account
A traditional IRA can provide tax relief today. Contribute pre-tax dollars to an individual retirement account and let your investments grow tax-deferred. It’s never too soon to start planning for retirement. Contact us today to apply for a traditional IRA from Coastal Community Bank.
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The sooner you open your IRA, the greater your saving potential.
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No Income Limits to Open Account -
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No Minimum Contribution Requirement -
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Contributions are Tax Deductible on State and Federal Income Tax1 -
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Earnings are Tax-Deferred Until Withdrawal -
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Withdrawals Can Begin at Age 59½ -
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Mandatory Withdrawals at Age 73 -
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Early Withdrawals Subject to Penalty1 -
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Contribution Limits Apply2
Roth IRA
Tax-Free Withdrawals in Retirement
A Roth IRA can provide you with tax-free income in retirement. Pay taxes on the money you contribute now, rather than later. In return, your money grows tax-free. Start planning for your retirement today. Contact us today to apply for a Roth IRA from Coastal Community Bank.
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There are several advantages to including a Roth IRA within your retirement plan.
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Earnings are 100% Tax-Free at Withdrawal1 -
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Principal Contributions Can Be Withdrawn Without Penalty1 -
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Withdrawals on Interest Can Begin at Age 59½ -
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No Mandatory Distribution Ages -
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No Age Limit Making Contributions if You Have Earned Income -
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Contribution Limits Apply2 -
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Income Limits to be Eligible to Open a Roth IRA1 -
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Early Withdrawals on Interest Subject to Penalty3
Flex IRA
Start a New IRA or Consolidate Multiple Accounts
Managing your retirement accounts just got a whole lot easier. If you are looking to start a new IRA or consolidate multiple accounts, the Flex IRA from Coastal Community Bank is a great place to start. With no term, no maturity date, or early withdrawal penalty it’s the ideal account for new savers and individuals looking to consolidate multiple retirement accounts. Contact a banker today to learn more.
Details
There are many advantages to opening a Flex IRA.
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Transfer Funds to a Higher Yield Account Without Penalty -
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Contribute at Any Time After Account Opening -
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Set Up Automatic Transfers from a Coastal Checking Account -
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Consolidate Funds from Various Retirement Accounts -
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No Minimum Contribution Requirement -
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Open a Flex IRA with $100 -
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No Setup or Maintenance Fees -
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Contribution Limits Apply2
IRA CD
Take Advantage of Better Rates
With an IRA CD, you earn a guaranteed interest rate for a fixed term. Plus, you get the tax advantages of an individual retirement account. At Coastal Community Bank we offer competitive rates above standard savings rates with fixed terms ranging from 12 months to 5 years. Contact a local banker today to learn more.
Details
As you grow your funds, take advantage of better rates with fixed-term IRA CDs.
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Open an IRA CD with $500 -
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Take Advantage of Higher Interest Rates -
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Flexible Terms from 12 Months to 5 Years -
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No Minimum Contribution Requirement -
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Contribution Limits Apply2 -
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Contribute Each Grace Period at Maturity