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Roth IRAs

When you retire, a Roth IRA allows money to be withdrawn tax-free. You contribute taxed dollars and they can grow in a wide range of investments.

  • Available to individuals and joint filers with an adjusted gross income (AGI) that meets the tax law requirements
  • Early withdrawals may be made tax- and penalty-free if used for a first-time home purchase and the account has been in place for at least five years. Limitations apply, so speak with a Field & Main Bank advisor to learn more
  • Early withdrawals not made in accordance with federal regulation will trigger stiff penalties and fees

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