Wymar offers several IRA products to meet the retirement needs of you and your family.

Retired Couple On Beach

Traditional IRA

Traditional IRA accounts allow you to lower your taxable income in the years you make a contribution. The funds in the account are only taxed when they are removed from the account at retirement age. Recent legislation allows early withdrawals for qualified life events such as enrollment in higher education or first-time home buying.

Roth IRA

Roth IRA are made from current taxed income and are not subject to tax deferment. Earnings are taxed at the time of withdrawal but all principal contributions are distributed tax-free. That allows you to access your contributions at any time penalty-free and with no tax consequences. If a qualifying distribution occurs, even the earnings can be withdrawn tax-free and penalty-free.

Coverdell Education Savings Account (ESA) IRA

These IRAs are designed to help families prepare for their children’s education expenses. Withdrawals are tax-free for qualified school expenses.

IRA Certificates of Deposit

Protecting your IRA in a Certificate of Deposit is a safe way to save for retirement. With IRA Certificates, you are able to earn more interest during a set term and know that your money is safe and secure.

Contact Us to Apply for an IRA

Click below to view current IRA Rates: