Retirement Savings

Give your future self the gift of financial security.

Everyone dreams of enjoying good times during their golden years. The key to making those dreams come true? A long-term savings plan. With a Traditional or Roth IRA, annual contributions, interest earnings and tax advantages combine to help you build the retirement nest egg you need to do everything you want.


Traditional IRA

  • Contribute up to $7,000 per year ($8,000 if age 50 or over)
  • Potential income tax deduction for each year you make a contribution
  • All annual interest and dividend income is tax-deferred
  • Begin making penalty-free withdrawals at age 59 ½
  • Must begin taking minimum annual distributions at age 73
  • Consult your financial advisor or a Cashmere Valley Bank representative for more details on Traditional IRAs

Roth IRA

  • Contribute up to $7,000 per year ($8,000 if age 50 or over)
  • All annual interest and dividend income is tax-deferred
  • All qualified withdrawals are tax-free
  • Begin making tax-free and penalty-free withdrawals at age 59 ½
  • No minimum distribution requirements at any age
  • Consult your financial advisor or a Cashmere Valley Bank representative for more details on Roth IRAs