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Village Classic

Village Classic IRA
The Village Classic IRA is the perfect tool for Rollovers and Transfers to help you save for your future:

  • Deposit up to $4,000 or $5,000 ( tax year 2008 $5,000) at any time during the year
  • Low $500 opening balance
  • No monthly service fee

Who can contribute to a Traditional IRA?

  • If you have not reached the year in which you turn age 70 1/2
  • If you have earned income from employment equal to or greater than your IRA contribution

Who can contribute to a Roth IRA?

  • Unlike the Traditional IRA, there is no 70 1/2 age limit on making contributions. You simply need to have earned income equal to the amount you contribute up to a maximum amount set each year.

More IRA details can be found at the Village Bank Retirement Central.

All Village Bank IRAs are subject to Federal and State IRA requirements.

 

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