Contributory IRA from Downey Savings
The Downey Savings Contributory IRA allows you to contribute up to $5,000 in 2008, plus $5,000 for a spousal IRA. Annual contributions may be tax-deductible, depending on your income and whether you are covered by an employer's retirement plan. All your earnings are tax-deferred until they are withdrawn. Mandatory distribution is required at age 70½, but you can start taking money out of the account without penalty at 59½.
Contributory IRA Reviews
The one thing i was really looking for in an IRA is good customer service from the bank. Downey savings exceeded my expectations, especially in their ability to explain financial information in a very manageable way.
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