Traditional and Roth IRA
from First InterState Bank

First Interstate Bank offers a variety of IRA savings plans insured for up to $250,000 by the Federal Deposit Insurance Corporation (FDIC). There are no fees associated with opening a fixed or variable rate IRA. The various IRA's are Traditional IRA, Roth IRA, and Education IRA. A Traditional Individual Retirement Account (IRA) is a government approved, tax-deferred savings program that enables individuals set aside a portion of their income each year for the purpose of investing in their own retirement. The Roth IRA is a non-deductible account that features tax-free withdrawals at the required age and for certain distribution reasons after a five-year holding period.

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Michael answered jennifer's question:

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Michael answered:

Jennifer, Great question! The difference between the two, in essence, in t...

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Provided by Informa 01.08.09