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.