Build Or Add To Your Retirement Nest Egg
Individual retirement accounts (IRAs) are one of the most viable answers to the question of how to assure a secure retirement. Diamond offers Traditional and Roth IRAs.
What You Should Know About IRAs
Traditional IRAs allow tax-deductible contributions and the amount in your IRA can grow tax-free. Your contributions and gains are taxed when distributed. Anyone who has earned income, or is filing jointly with a spouse who has earned income, may contribute.
Roth IRA contributions are not tax-deductible, however, all withdrawals, including earnings, are generally tax-free if the account has been open for at least five years and the account holder is 59½ or older.
- Share Certificates and Money Market IRAs available.
- Earn a market-leading interest rate.
- Your funds are federally insured up to $250,000.
- Choose the IRA investment option(s) that suit your needs.
- Use the IRA Accumulation Account to accumulate deposits. Invest in an IRA Certificate or Money Market account at a better rate when you’ve reached your desired amount.
For either a Traditional IRA or Roth IRA, the total contributions* you make to all of your IRAs attributable to 2026 cannot exceed:
- $7,500 ($8,600 if you’re age 50 or older), or
- Your taxable compensation for the year (if that is less than $7,500/$8,600)
*Contributions may qualify as pre-tax funds. Consult with your tax advisor. Traditional IRA owners may begin to take “normal” distributions starting at the age of 59 1/2. Mandatory distributions must be taken starting at the age of 73.
For more information consult your tax advisor and visit the IRS’ website for Traditional IRAs at https://www.irs.gov/retirement-plans/traditional-iras
Expanded Services
Need more information?
Contact a Diamond representative during normal business hours.