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Do something good for your future with an Individual Retirement Account from Heritage Oaks Bank.
An IRA from Heritage Oaks Bank is one of the best ways to realize tax-advantaged savings while supplementing your other retirement income sources. It's an option for individuals1 already saving for their retirement and desiring the advantages of a tax-deferred savings vehicle.
Account Features:
- For 2008, you can contribute up to a maximum of $5,000 (or up to $10,000 if married filing jointly with spousal IRA) per year
- At age 50 and older, you can contribute an additional $1,000 ($2,000 if married filing jointly with spousal IRA) per year
- All you need is an earned income equal to the amount you contribute
- IRA savings accounts are available for a low opening deposit of $100
- IRA CDs are available in six, 12 and 24 month terms for an opening deposit of $1,000
- Low $25 annual fee and $25 transfer or rollover fee for IRA savings and IRA CD accounts
Plus:
- Harness the power of compound earnings by deferring tax payments until retirement
- Pay taxes on your investments when you retire and your tax rate may be lower
- IRA contributions may be tax deductible the year the contribution is made; please consult with the IRS or your tax advisor for further information
| 1 | You must be under age 70-1/2 in the contribution year to contribute. |
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| | Variable interest rates could change daily at bank discretion. Refer to the Heritage Oaks Bank Account Services & Miscellaneous Pricing Schedule for additional disclosures. |
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It's never too early-or too late-to start saving for retirement with an IRA.
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