CD IRA
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IRAs
We’re glad you’re visiting! This section explains all you should know regarding IRA accounts, so that you feel comfortable with your selection.
Why should I open an IRA account?
Benefits
  • These plans were created to induce savings through a tax incentive.
  • You can contribute to your retirement plan and deduct that amount, up to a limit, from your reported income on your tax return.
Which retirement plan is most convenient for me? If you earn enough money to have to report it, you are a candidate for a retirement plan. The most convenient retirement plan for you will depend on where you work and how much you can contribute.
  • If self-employed and you can contribute with more than $10,000 per year, a Keogh plan is what you need. At Oriental, we are experts on Keogh Plans and we can advise you.
  • If you work at a company that offers a 401K plan, use this one as your retirement plan. Try to contribute the maximum amount allowed, especially if your employer matches that amount.
  • An IRA account should be the retirement plan for everyone else.
Why open an IRA account with Oriental Group?
Larger selection
  • CD IRA with fixed return
  • Investors IRA with a variable return tied to the S&P 500 index.
  • Diversified Growth IRA (DGI) Investment funds.
  • Other IRA accounts
    • Educational IRA accounts: To contribute to your children’s or eligible relative’s education.
    • IRA Fácil account: transition accounts without cancellation penalty.
    • IRA a Plazos: where you can contribute monthly.
    • Annuity IRA: to consolidate all your IRA accounts once at retirement age, so you begin to distribute your funds.
Experience Our expert advisors will explain each one of our IRA accounts in a simple and clear manner, so we’ll help you choose the IRA account that best fits your needs.
Disclosures

The FDIC does not insure investment products; they are neither deposits nor obligations of Oriental Bank and Trust and are not guaranteed by Oriental. They are subjected to investment risks, including the possibility of losing the capital.

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