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Individual Retirement Accounts

Individual retirement accounts are a smart way to save for the future. A traditional IRA can be opened and funded without any employer participation. Contributions and/or earnings are tax-deferred until retirement. Unlike many employer plans, money in the account is always accessible; however, until age 59 1/2 there is a significant early distribution penalty unless you qualify for an exemption such as: disability, a qualifying education expenses, unemployment, qualifying first-home purchases, death, or receipt of your IRA assets in equal payments over your life expectancy.

On The Grid Financial also offers an accumulative IRA account that will allow you to save a little each payday. Another savings option is an IRA certificate that can be opened with a $1,000 minimum investment. Our IRA certificates come in terms ranging from 6 months to 5 years.

It's never too early to plan for your future. The IRA Service Center has been designed as a tool, offering you practical ideas to help you achieve financial security. You can establish a new IRA account or add to your existing account, print forms and much more! Visit the IRA Service Center today.