Individual Retirement Accounts

Plan for Your Future with an Individual Retirement Account (IRA) at Capon Valley Bank

Building a secure financial future starts with smart retirement planning. At Capon Valley Bank, we offer Individual Retirement Accounts (IRAs) to help you grow your savings and prepare for a comfortable retirement. Whether you choose a Traditional IRA or a Roth IRA, our retirement accounts provide tax advantages and the security of FDIC insurance up to $250,000.

Types of IRAs We Offer:

Traditional IRA

A Traditional IRA allows you to contribute pre-tax dollars, meaning your contributions may be tax-deductible, depending on your income and filing status. With this account:

Earnings grow tax-deferred until withdrawal.
Withdrawals in retirement are taxed as ordinary income.
Ideal for individuals who expect to be in a lower tax bracket during retirement.

Roth IRA

A Roth IRA is funded with after-tax dollars, meaning you pay taxes upfront, but your money grows tax-free. Key benefits include:
✔ Tax-free withdrawals in retirement if eligibility requirements are met.
✔ No required minimum distributions (RMDs) during your lifetime.
✔ Ideal for individuals who expect to be in a higher tax bracket in the future.

Why Open an IRA with Capon Valley Bank?

✔ FDIC Insured – Your IRA funds are protected up to $250,000.
✔ Tax-Advantaged Growth – Choose between tax-deferred or tax-free earnings.
✔ Flexible Contribution Options – Contribute based on your financial goals and retirement timeline.
✔ Local, Personalized Service – Our team is here to help you make informed decisions about your retirement savings.

Start Saving for Your Retirement Today!

It’s never too early—or too late—to start planning for retirement. Whether you’re opening your first IRA or rolling over an existing account, Capon Valley Bank is here to help.