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Retirement Accounts

Voyager Bank offers a variety of Retirement Accounts to meet your retirement investment needs.

 

 

Traditional

Roth 

 Simplified Employee Pension

Description

Your contributions to a traditional IRA may be tax deductible and your earnings grow tax-deferred. You make after-tax contributions to the Roth IRA, but the money you withdraw after retirement may be free from taxes. As a business owner, you can make tax deductible contributions to a Simplified Employee Pension (SEP) IRA, a simple, flexible plan that is easy to set up and maintain

Eligibility

Must be under age 70 ½  for the year the contribution is being made

Must have earned income
No age limit

Must have earned income
You can contribute at any age if you are self-employed or a small business owner.  If you have employees, you may be required to contribute for them as well.

Maximum Annual Contribution

2013 = $5,500
2014 = $5,500

Must have earned income greater than or equal to the contribution
2013 = $5,500
2014 = $5,500

Contributions may be limited based upon earned income
2013 = to 25% of your compensation or $51,000, whichever is less
2014 = to 25% of your compensation or $52,000, whichever is less

Catch-Up Contribution Limits

For individuals age 50 and older:
2013 = $1,000
2014 = $1,000

 

For individuals age 50 and older:
2013 = $1,000
2014 = $1,000
 
 Not Applicable
Tax Advantages Contributions may be tax deductible

Tax deferred earnings

Distribution of tax deductible contributions and earnings may be taxed as ordinary income
Tax free earnings

Distributions are tax and penalty free if they meet the IRS requirements of a "qualified distribution"
Contributions may be tax deductible

Tax deferred earnings

Distributions of tax deductible contributions and earnings may be taxed as ordinary income

Types of Investments
Check Current Rates

Certificates of Deposit

Voyager IRA Savings
Certificates of Deposit

Voyager IRA Savings
Certificates of Deposit

Voyager IRA Savings

How to Apply

Online: Apply Now 
In person: Find Nearest Branch

Types of Investments

Compare savings and investments accounts

Voyager Bank cannot provide tax advice. Please consult your tax advisor to determine how this information may apply to you.