Traditional IRAs
A Smart Strategy for Tax Savings

Traditional IRAs can be part of an effective strategy to help secure your financial future.††† Earnings grow tax-deferred until withdrawal at retirement, so your balance may grow faster than in a taxable account earning the same rate of return.1

Annual contribution limits are higher than ever — you may even be able to contribute an additional “catch-up” amount of $500 if you’re 50 or over. As an added benefit, you may qualify for a tax credit if you contribute to an IRA.

	Highlights Below > Benefits You’ll Receive > Fast Facts > Rolling Over Your IRA > IRA Options

Benefits You’ll Receive

• Tax-deferred earnings on accumulated interest2
• Certificate of Deposit choices with a wide range of terms
• Highly competitive interest rates

	Fast Facts
	Minimum Opening Deposit $100 Minimum deposit or3 $25 with Payroll Direct Deposit3
	Tax Year IRA Contribution Contribution Limits • 2002-2004 • 2005-2007 • 2008 and beyond • $3,000 • $4,000 • $5,000 (plus potential COLA increases in $500 increments beginning in 2009) Catch-Up Contributions • 2002-2005 • 2006 and beyond • $500 • $1,000

1. Taxes will be due upon withdrawal at ordinary income tax rates. Withdrawals made before age 59½ may be subject to an additional 10% tax penalty.
2. May also be partially or fully tax-deductible, depending on whether individuals or their spouses are covered by another pension plan and how much income they earn.
3. Minimum deposit may depend on the underlying Certificate of Deposit into which the money is deposited

Rolling Over Your IRA

If you are retiring or changing jobs and anticipate withdrawing money from your employer's retirement plan, you may find yourself in a tax bind unless you rollover your assets into an IRA or another qualified plan. You can ask your employer to arrange for a "direct rollover" of your money into a new IRA account with us and not pay the mandatory 20% withholding tax.

You also can do an IRA-to-IRA rollover. You must complete the rollover within 60 days from the date you receive the assets from your old IRA to qualify. Just go to your financial institution and close your IRA, then bring the check to us. The IRS limits the number of these rollovers to one in a 12-month period.

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IRA Options
You may open an FDIC-insured Retirement IRA in addition to opening a self-directed IRA and investing in mutual funds and other non-FDIC-insured investments.

	Bank IRAs† Offered through American Savings Bank FDIC-insured accounts Fixed Term Available through branches
	Brokerage IRAs††† Offered through UVEST Financial Services Non-FDIC-insured investments, i.e., mutual funds and annuities