IRA Savings Accounts

One of the most effective ways to build funds to meet your future financial goals is through an Individual Retirement Account (IRA). OmniAmerican IRA Savings Accounts are available for important savings goals such as higher education, first-time home ownership or a comfortable retirement. We offer Traditional IRAs, Roth IRAs and Educational IRAs, each providing different advantages and options to start building your "nest egg" for the future.

What is an IRA?

An IRA is an investment account created to provide an income tax deduction and savings for retirement.

 

What is a Roth IRA?

A Roth IRA is a nondeductible account that features tax-free withdrawals for certain distribution reasons after a five year holding period.

 

What is an Educational IRA?

An Educational IRA is a nondeductible account that features tax-free withdrawals for a very specific purpose – a child’s higher education expenses.