Start planting seeds now for a richer harvest at retirement.
It’s never too early to start preparing for retirement, especially when there are tax advantages available to help you maximize your return on investment. Open an Individual Retirement Account (IRA) with Lisle Savings Bank and watch your money grow!
Find the best type of IRA for you!
- Traditional – Allows qualified individuals to contribute pre-tax income that grows tax-deferred, and your contributions may be tax-deductible*.
- Roth - While your contributions are not tax-deductible because they are funded with after-tax dollars, the main benefit is when you’re ready to take out the money, it’s available tax-free if you meet the requirements*.
- Coverdell ESA - A Coverdell Education Savings Account (ESA) is a tax-deferred trust account created by the U.S. government to help families fund educational expenses for beneficiaries who are under the age of 18 when the account is established.
- SEP - A Simplified Employee Pension is a retirement plan established by employers for the benefit of employees and themselves.
*Consult your tax advisor for tax-deduction eligibility.