Enjoy tax benefits while saving for your retirement with First Southern’s Individual Retirement Accounts.  We offer both Roth and Traditional IRAs with competitive, fixed interest rates. There are advantages to both Traditional and Roth IRAs.  One of the biggest differences is the time at which you see the most advantages.

Traditional IRA

A Traditional IRA provides potential tax relief today because it is funded with pre-tax dollars and your earnings on that investment remain tax-deferred.  You will be taxed whenever you withdraw from the account.

Roth IRA

A Roth IRA has the potential for the most tax benefit at retirement.  Roth IRAs are funded using after-tax dollars.  Therefore you can enjoy tax-free withdrawals while your earnings on the investment remain tax-deferred.

Our experienced bankers are ready to help you to review your goals and choose the best option that will meet your retirement needs.