Investments that will give you more gains.



Saving for retirement can be a daunting task.

With so many options, what should you choose? One option could be an individual retirement account (IRA). Stop in today and see one of our Customer Service Representatives. They will help you examine your options and make sure you find the one that is just right for you.

  • What is an IRA?

IRAs are certificate of deposit accounts for money set aside for retirement. These accounts grow tax-free until you are required to begin distributions. There are important limits on contributions that may be made to an IRA, in addition to other tax consequences. So, before making any investment decision, see one of our IRA staff members to examine all opportunities. You may also want to consult with your tax adviser.

  • Types of IRAs

HSLC offers two types of IRAs: Traditional and Roth. Traditional IRAs allow tax-deferred contributions (to a specific limit). Contributions to Roth IRAs are not tax deductible but there are certain tax benefits after a five-year holding period. Before selecting a type of IRA, consult with one of our friendly professionals. You may also want to consult with your tax advisor.

  • Which option is best?

Only you can make the decision that is right for you. We cannot provide legal or tax advice. Our staff can provide you with information on the types of IRAs and the various conditions, but you should consult with your tax or legal advisor before deciding which type of IRA is best for you.