Individual Retirement Account (IRA)
IRAs are a great alternative or supplement to other employer-sponsored retirement plans such as 401(k)s and 403(b)s. IRAs provide options that can meet your personal tax needs, both now and for the future.
A Traditional IRA is a tax-advantaged account that allows earnings and deductible contributions to grow tax-deferred. This benefit allows you to avoid paying income taxes on the earnings and deductible contributions to your IRA until you begin taking distributions, usually after retirement.
- No income limits to establish
- Contributions may be tax deductible*
- Must have earned income and be under age 70½ to contribute
- Earnings are tax-deferred until distributed
- Distributions may begin at age 59½
- Early distributions may be subject to penalty*
- Required minimum distributions after age 70½
*Contact your tax advisor. Additional AGFinancial early redemption penalties and IRA custodial fees may apply.
A Roth IRA allows you to accumulate earnings on a tax-deferred basis and withdraw earnings tax-free for qualified distributions. Unlike a Traditional IRA, contributions to a Roth IRA are not deductible on your federal tax return.
- Income limits must be met for Roth IRA eligibility*
- Contributions are not tax-deductible
- No age limit to contribute as long as you have earned income
- Earnings may be tax free at distribution if qualified*
- Principal contributions may be distributed without penalty*
- Qualified distributions on earnings may begin at 59½*
- Early distributions on earnings are subject to penalty*
- No required distribution age
- Traditional IRAs may be converted to Roth IRAs*
*Contact your tax advisor. Additional AGFinancial early redemption penalties and IRA custodial fees may apply.
IRA Rates
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Open an IRAStandard Rates Premium Rates**Investment Type Rate APY* Rate APY*
Type: Demand Rate APY* DemandStandard 1.000% 1.01%Type: 1YF Rate APY* 1-Year FixedStandard 1.500% 1.51%Type: 3YF Rate APY* 3-Year FixedStandard 1.750% 1.76%Type: 5YF Rate APY* 5-Year FixedStandard 2.000% 2.02%Type: 5YA Rate APY* 5-Year Adj.Standard 1.875% 1.89%Type: 7YF† Rate APY* 7-Year Fixed†Standard 2.125% 2.15%Type: 10YF† Rate APY* 10-Year Fixed†Standard 2.500% 2.53%*Annual Percentage Yield
†Available for new investments only; funds may not be transferred from an existing or renewing AGFinancial investment.
Effective July 1, 2020Rates subject to change. Penalties may apply to redemptions prior to maturity.
This is not an offering to sell securities referred to herein and we are not soliciting you to purchase these securities. The offering is made only by the Offering Circular which includes risk factors. The Offering Circular may be obtained by writing or calling AGFinancial or by clicking here. AGFinancial investments are offered and sold only in states where authorized or exempt from authorization. Not available to new investors in Washington. Not available in Ohio.
Not FDIC or SIPC Insured. Not a Bank Deposit. No AGFinancial Guarantee.