Individual Retirement Accounts (IRAs)
IRAs are safe and secure ways to plan for retirement at Elements Financial.
You can choose between a Traditional or Roth IRA.
You can select an IRA Savings plan or choose an IRA certificate among a variety of terms.
Our Rate Climber Certificate is a fantastic savings option that offers you the freedom and flexibility to increase your rate once to a higher published rate with the option to make an additional deposit at the time of increase.
IRAs are available to anyone with earned income and you may contribute up to $5,500 per tax year. If you are over age 50 you may be eligible to make a contribution of $6,500.
If your spouse is employed, he/she can also open an IRA and contribute earned income for the year or $5,500, whichever is less.
Or, you may also open a spousal IRA on his/her behalf with the total contribution of $11,000 for the year, as long as a contribution to either of the accounts is no more than $5,500. For 50 and older the contribution for both could total $13,000 for the year.
|Traditional IRA||Roth IRA|
To find out which Elements Financial IRA and/or ESA is right for you, please contact our 24-Hour Member Service Contact Center: (317) 276-2105 or toll-free (800) 621-2105 or email firstname.lastname@example.org. Or consult with Elements Wealth Management.