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How to Get Started?The Traditional and Roth IRAs RiverWood Bank offers differ mainly in how and when your money is taxed. The tax advantage of a Traditional IRA is that your contributions are tax-deductible in the year they are made. The tax advantage of a Roth IRA is that your withdrawals in retirement are not taxed. Check with a RiverWood Banker to see if you are eligible for an IRA, the IRS has specific rules to follow. Don’t forget to consult a tax advisor too. |
Traditional IRAs*
Roth IRAs*
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Still Have Questions?Find FAQs, routing numbers and online banking tutorials in our Education Center. *Consult your tax advisor, legal counsel, and/or insurance agent for advice and information concerning your particular situation and your eligibility for IRAs. RiverWood Bank representatives may not give legal or tax advice. |