The Roth IRA* gives you the ability to invest your after-tax dollars today, let the investment grow tax-free, and withdraw your principal and earnings tax-free after five years and reaching age 59½. (Disbursements outside of the five year/age 59½ rule may result in tax and/or penalties on any earnings withdrawn.) You simply need to have earned income equal to the amount you contribute up to a maximum amount set by the IRS for your filing status each year. Dividend compounding can help your investment grow substantially.

• Both savings and certificates accounts are available
• Funds can be used for higher education, penalty-free**
• Contributions have already been taxed, therefore no minimum distributions are required
• There is no 70½ age limit on making contributions
• Catch up contributions may be made by individuals attaining age 50 by December 31st of the tax year for which the contributions are made

To open your IRA, please contact us.

2007 Contribution Limits
The maximum contribution limit for 2007 is the lesser of $4,000 or your taxable compensation. A $5,000 contribution is permitted for individuals attaining age 50 by December 31, 2007.

2008 Contribution Limits
The maximum contribution limit for 2008 is the lesser of $5,000 or your taxable compensation. A $6,000 contribution is permitted for individuals attaining age 50 by December 31, 2008.