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What kinds of IRAs does First National Bank offer?

April 26, 2017Bank IRAs National Offer

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What kinds of IRAs does First National Bank offer?

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We offer both a Traditional IRA product and the Roth IRA product. Contributions to a Traditional IRA may be deductible; earnings are tax-deferred and withdrawals are taxable at retirement. The Roth IRA does not allow deductible contributions, but earnings are tax-free and if held for five years or more, making withdrawals at retirement is tax-free.