First Fidelity Bank IRA can help secure financial security...
- IRA’s are insured separately by the FDIC regardless of additional First Fidelity account relationships...
- Contributions to an IRA account may be made up until the designated personal tax filing date, generally, April 15th following the end of the tax year
- Contributions may be made to an IRA throughout a current tax year
First Fidelity Bank offers a variety of IRA options to meet your needs. Click below to learn more about the various options.
|Type of IRA|
Interest is tax deferred. In some cases, the contributions to a Traditional IRA is tax deductible. The individual may not be a participant in an employer-sponsored pension or profit sharing plan and must meet IRA income requirements.
Interest earned is tax free. All withdrawals, including earnings, are tax free if the account has been opened for five years and the account holder is age 59 1/2 or older. Withdrawals that do not include earnings are tax free at any time. Consult a tax advisor.
First Fidelity offers fixed annuities. A fixed annuity is an interest-based vehicles similar to a CD, but geared specifically towards retirement savings.
Annuities are not: