The Bank of LaFayette
P.O. Box 1149, LaFayette, GA 30728-1149
Phone: 706-638-2520 Bookkeeping: 706-638-2710 Fax: 706-638-5409
Individual Retirement Accounts mean much more than retirement savings. They mean unprecedented tax-free options, more flexibility in making withdrawals, and more freedom to deduct your contributions. The end result is faster, easier, and smarter saving.
IRA's Provide:
- Tax-free options
- Penalty-free withdrawals for educational expenses
- Faster retirement earnings
- More flexibility to deduct contributions
Contact us for more information about Individual Retirement Accounts.
| Account type | Tax-deferred earnings | Earnings withdrawn tax free | Tax-deductible contributions |
| Roth IRA | Yes | Yes* | No |
| CESA IRA | Yes | Yes* | No |
| Deductible IRA | Yes | No | Yes |
| Nondeductible IRA | Yes | No | No |
| Savings account | No | No | No |
| Insurance annuity | Yes | No | No |
* For qualified withdrawals
