Individual Retirement Accounts (IRA)

Save more for your future.

An IRA from OakStar Bank can help you grow your retirement savings while offering potential tax advantages based on your IRA type, individual circumstances, and when and how you withdraw funds. Get started at your nearest OakStar.

Details

Traditional IRA

• Contributions may be tax-deductible, subject to IRS rules and eligibility requirements
• Earnings have the potential to grow tax-deferred
• Withdrawals are generally taxable, and early withdrawals may be subject to additional taxes or penalties

Roth IRA

• Contributions are made with after-tax dollars and generally aren’t tax deductible
• Earnings have the potential to grow tax-free
• Qualified withdrawals are generally tax-free, subject to IRS rules