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You work hard every day — we believe that your hard-won earnings should too. Much more than a rainy day fund, an IRA from Golden Pacific Bank is a safeguard that works hard to ensure a comfortable retirement.

Enjoy peace-of-mind with competitive interest that compounds over time — year after year. With two options that both offer significant tax benefits,* you simply can’t go wrong. It doesn't matter if you're unemployed, self-employed, or rapidly approaching retirement age — we can customize the perfect plan for you!

  • Save for retirement with tax advantages*
  • Earn competitive interest higher than regular savings
  • Pays monthly dividends
  • Available in Traditional and Roth
  • Annual contribution limits apply
  • $1,000 annual “catch up” contributions allowed for ages 50 and better
  • No setup fees and low maintenance fees
  • $100 minimum periodic deposits
  • Early withdrawals subject to penalty**
  • FDIC insured
  • $100 minimum deposit to open

There are advantages to both traditional and Roth IRAs. One of the biggest differences is the time at which you see the most advantage. A traditional IRA provides potential tax relief today, while a Roth IRA has the potential for the most tax benefit at time of retirement.

Traditional IRA

  • Tax-deferred earnings
  • Contributions may be tax deductible
  • Best option when rolling over your pension or 401(k)

Roth IRA

  • Contributions are not tax deductible
  • Tax-free earnings
  • Tax-free qualified withdrawals
  • More flexible access to funds than traditional IRA

Higher education can become a financial burden. A Coverdell Education Savings Account (ESA) is designed to help lighten the load.

  • Set aside funds for your child's education
  • Dividends grow tax-free*
  • Withdrawals are tax-free and penalty-free when used for qualifying education expenses*
  • Designated beneficiary must be under 18 when contributions are made
  • To contribute to an ESA, certain income limits apply*
  • Contributions are not tax deductible
  • Contributions are allowed regardless of traditional or Roth IRA participation
  • $2,000 maximum annual contribution per child
  • The money must be withdrawn by the time he or she turns 30
  • The ESA may be transferred without penalty to another member of the family

*Consult a tax advisor.

**Penalty for early withdrawal is 6 months interest on the amount withdrawn. IRA accounts may start being withdrawn at age 59½ and must start being withdrawn by the age of 70½. You may make maximum deposits of $6000; plus cost of living adjustment.

Build the retirement you've always dreamt about!