Smart savers know to participate in their companies' 401(k)s to benefit from as many years of saving and compounding as possible. But REALLY SMART savers know to open an IRA, as well!
What is an IRA? IRAs
are tax-advantaged savings account designed to help you save for retirement. There are two types of IRAs, Traditional and Roth, each offering their own advantages. Both IRA types offer tax benefits allowing the money you save to compound and grow quickly. With the Roth, you can even use the money on a first time home purchase, without penalty.
You can start toward building your comfy retirement nest egg with as little as $25 in a 1st Source IRA Savings Account. Or open an IRA-CD or other investment. Our bankers and advisors can help.
Open an account online today, or swing by any of our convenient locations to get started.