IRAs

Why Choose a Lead Bank Individual Retirement Account?

Consult with your tax advisor and plan ahead with a flexible IRA. Today IRAs offer more generous contribution options so you can reach your goals faster. Want to save for college expenses or the purchase of a first home? Penalty-free withdrawals can be made at any time for education or first-time home buyers.  

How it works:

• Save tax-deferred dollars
• Enjoy tax-deductible annual contributions
• Penalty-free withdrawals can be made at any time for college expenses or the purchase of a first home
• Roth IRA-Earnings grow tax-free
• Withdrawal of earnings is tax-free if certain distribution rules are met

What you need to start a Lead Bank IRA:

• Driver’s license or other photo ID
• Employer/job title/retirement status
• Mailing and physical address
• Account purpose
• Initial contribution (minimum of $2,500)