Village Classic IRA
Plan for your future with an Individual Retirement Account (IRA). Relationship Bankers at Village Bank provide complete and accurate service to assist you in reaching your retirement goals. They can also assist with a rollover or transfer from another qualified plan.
The Village Classic IRA is the perfect tool for Rollovers and Transfers to help you save for your future:
- 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.
All Village Bank IRAs are subject to Federal and State IRA requirements.
Consult your tax adviser for IRS contribution and distribution details.