IRA Accounts
It's never too early to start thinking about retirement. HAPO offers both Traditional and Roth IRAs as well as education savings accounts.
Traditional IRAs
The benefits of investing in a Traditional IRA may include tax deferred earnings and for many people tax deductibility.
- Eligibility Requirements: Earned Income / must be younger than 70 ½
- Contribution Types: Regular / Spousal, Rollover, Transfer, SEP, and Recharacterization
Visit any HAPO location to open an IRA today!
Roth IRAs
Roth IRAs are nondeductible accounts that feature tax-free withdrawals for certain qualified distribution reasons.
- Eligibility Requirements: Earned Income / Subject to modified adjusted gross income limits
- Contribution Types: Regular/ Spousal, Rollover, Transfer, Conversion and Recharacterization
Visit any HAPO location to open an IRA today!
Coverdell Education Savings Account (Education IRA)
This IRA allows individuals to save money for a child's education on a tax-favored basis. Distributions used to pay for certain education expenses are federal income tax-free and IRS penalty-free.
All of HAPO's IRAs are available as either a fixed rate IRA certificate or a variable one-year account. See rates for
additional information.
Contact your tax or financial advisor for complete information or modified amount updates.
Visit any HAPO location to open an IRA today!