Skip to content

Individual Retirement Accounts (IRAs)

Fund Future Adventures with Competitive Dividends, Tax Advantages*, and More

At Atlantic, we believe people work to live — not the other way around. Make sure you get the most out of life with a safe, simple individual retirement account.

Competitive dividends and tax advantages* boost your budget — so you can actually take that dream vacation. Or maybe you want to share your wealth. Help your favorite student achieve academic success with a Coverdell ESA. Whatever you want to do, Atlantic is here to help you do better.

RATES

  • Tax-advantaged retirement savings*
  • Competitive dividends above standard savings rates
  • Traditional and Roth IRA options
  • No setup fees
  • No monthly or annual maintenance fees
  • $5,500 contribution limit per year
  • Contributions can be made in a "lump-sum"; or deposit(s) throughout the year
  • Additional $1,000 "catch-up" contribution allowed for ages 50+
  • Funds can be used to purchase certificates within IRA
  • No minimum deposit to open

Learn More

Talk with Carol Aderman at Atlantic Financial Services to explore more of your retirement options.

There are benefits to both traditional and Roth IRAs. One of the biggest differences is the time at which you see the most advantage. A traditional IRA provides potential tax relief today, while a Roth IRA has the potential for the most tax benefit at time of retirement.

Traditional IRA

  • No income limits to open
  • No minimum contribution requirement
  • Contributions are tax deductible on state and federal income tax*
  • Earnings are tax deferred until withdrawal (when usually in lower tax bracket)
  • Withdrawals can begin at age 59½
  • Early withdrawals subject to penalty**
  • Mandatory withdrawals at age 70½

Roth IRA

  • Income limits to be eligible to open Roth IRA***
  • Contributions are NOT tax deductible
  • Earnings are 100% tax free at withdrawal*
  • Principal contributions can be withdrawn without penalty*
  • Withdrawals on dividends can begin at age 59½
  • Early withdrawals on dividends subject to penalty**
  • No mandatory distribution age 

*Subject to some minimal conditions. Consult a tax advisor.

***Consult a tax advisor.

Create an easier transition into college for you and your student. A Coverdell Education Savings Account (ESA) provides a safe, tax-free place to earn competitive dividends for education expenses — free of setup and annual fees.

  • Set aside funds for your child's education
  • No setup or annual fee
  • Dividends grow tax-free
  • Withdrawals are tax-free and penalty-free when used for qualified education expenses*
  • Designated beneficiary must be under 18 when contributions are made
  • To contribute to an ESA, certain income limits apply**
  • Contributions are not tax deductible
  • $2,000 maximum annual contribution per child
  • The money must be withdrawn by the time he or she turns 30***
  • The ESA may be transferred without penalty to another member of the family
  • No minimum deposit to open