Spencer IRA's are guaranteed by the FDIC up to $250,000 per depositor
|
| Why Spencer? |
• |
Hassle-free rollovers and transfers |
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Minimum to open as low as $500 |
• |
Variety of terms available to meet your needs |
|
| Benefits |
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Tax-Deferred Earnings |
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Contributions and earnings can be withdrawn penalty-free after age 59½ |
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Contributions may be tax-deductible, provided that eligibility requirements are met |
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Earnings and tax-deductible contributions are taxed as income upon withdrawal |
|
| Who Can Invest? |
Anyone earning income and under
70½ |
| Maximum Annual Contribution |
$5,000 (below age 50)
$6,000 (age 50 and older) |
