An individual retirement account (IRA) is a tax-advantaged investing tool that individuals use to earmark funds for retirement savings. Lake Area Bank’s Traditional and Roth IRA’s help you plan for your retirement dreams. Whether you choose a traditional or Roth IRA, the tax benefits allow your savings to potentially grow, or compound, more quickly than in a taxable account. With Lake Area Bank, customers can elect to open an IRA Variable Savings Account or one of our multiple term IRA deposits.
It’s never too early, or too late, to plan for your retirement! Contact a personal banker for more information.
Consult with a tax advisor before opening an IRA account. Yearly contribution limits may apply.