It’s never too early to start thinking about and planning for your retirement, and an IRA from The Finest is a good place to begin. Some financial experts estimate that the average person will need approximately 75 to 80 percent of their pre-retirement income in order to maintain their standard of living after they retire.* Find out how you can reach your retirement goals with one of The Finest’s Individual Retirement Accounts or IRAs.


A traditional IRA is a tax deferred saving account that is specifically used for retirement savings. You don’t pay taxes on funds invested in an IRA until you withdraw them upon retirement.

  • Minimum deposit of $500
  • Dividends are compounded and paid quarterly
  • Taxes are paid on funds after withdrawal
  • Penalties for early withdrawal, unless qualifying reason applies
  • $5,500 contribution limit per year for people under 50 years of age
  • Must start taking distributions by age 70½


A Roth IRA is also a retirement savings account, however taxes are paid upfront at the time you make the contribution. Once invested, the funds in a Roth IRA continue to grow with no additional tax requirement.

  • Minimum deposit of $500
  • Dividends are compounded and paid quarterly
  • Taxes are paid upfront upon contribution
  • Withdrawal can be made at any time
  • Withdrawals made before age 59½ will be penalized unless a qualifying reason applies
  • No required age or date for taking distributions—funds can stay in a Roth IRA as long as you choose
  • Can keep contributing to a Roth IRA regardless of age

*US News & World Report, April 19, 2014.

For more information, contact the member services department