Retirement Savings
Elite Global Bank is pleased to offer many options for retirement planning. An IRA is an excellent tool for retirement savings. Depending upon the type of IRA you choose, contributions may be tax deductible and will grow either tax-free or tax-deferred. We can assist you with the rollover or transfer of an existing IRA or you can open a new one. For more information about our IRAs, rates, and service charges, please visit any of our banking locations.
Contribution limits for retirement plans*
Traditional & Roth IRA Maximum Contribution Limits
Please consult your tax specialist for phase-out range.
Traditional IRAs can be opened & funded by the tax filing deadline to receive tax deduction on the prior year's wages. Roth IRAs can be opened and funded.