Retirement

Set yourself up for retirement

A comfortable retirement starts with a plan. Count on your local Rabobank team for the guidance you need to choose the right retirement account to reach your goals - and help you stay on track with a contribution plan. They'll also show you how to make the most of the tax benefits retirement accounts offer.

 


Traditional Individual Retirement Account (IRA) Roth IRA Rollover Retirement Account
Description

Contributions are tax-deductible1

Withdrawals are taxed as ordinary income, and penalties apply if they’re made before age 59½

Contributions are not tax-deductible

Assets can grow tax-free1

Withdrawals are generally tax- and penalty-free after age 59½ and the account has been open for 5 years

Allows you to roll over your 401(k) or other employer-sponsored plan when you leave your company

Helps avoid taxes and early withdrawal penalties

Minimum Opening Balance $100 $100 $100
Maintenance Fee None None None
Required minimum distributions beginning at age 70-1/2 Yes No Yes
Choice of savings account or certificate of deposit (CD) Yes Yes Yes


1
See your tax advisor for more information.

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