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Articles

Take Full Advantage of Your Employer's 401(k) Plan

Longer life spans, more active retirements, rising costs and uncertainty over Social Security make the need for a substantial retirement nest-egg greater than ever.

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An IRA Refresher

The almost-annual changes to the income tax laws have created confusion about Individual Retirement Accounts (IRAs).

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Can $5500 IRA Contributions Really Add Up?

Retirement may seem like a long way off and $5500 may not sound like a lot of money to save. But look at how these contributions can accumulate.

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IRA or Roth IRA?

The Roth IRA offers some advantages over the traditional IRA but comes with some limitations.

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Maximize the Value of Your IRA

Individual retirement accounts (IRAs) continue to be one of the most powerful ways to accumulate funds for a financially secure retirement for a multitude of reasons

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New Roth IRA Conversion Opportunity

This is an important tax and estate planning opportunity that many may find attractive.

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Taking Advantage of Non Deductible IRA Contributions and Roth Conversions

The most common drawbacks with Roth IRAs are that contributions are not deductible and those with high incomes may not be eligible to make Roth IRA contributions.

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The information provided is not intended to be legal, tax, or financial advice or recommendations for any specific individual, business, or circumstance. TowneBank cannot guarantee that it is accurate, up to date, or appropriate for your situation. Financial calculators are provided for illustrative purposes only. You are encouraged to consult with a qualified attorney or financial advisor to understand how the law applies to your particular circumstances or for financial information specific to your personal or business situation.