Retirement Savings
So you’re thinking of doing more with your money. And you want to prepare for your future. At Clackamas, we offer several ways to build your retirement savings. Not sure which option is best? We’re happy to help.
IRA (Traditional or Roth)
We offer both Traditional and Roth IRAs. The amount of your qualified contribution is based on your adjusted gross income and the IRA you select. We recommend you consult your tax advisor for specific advice.
IRA Certificate
With an IRA Certificate3, you can invest $500 or more for 12, 24, 36, 48, or 60 months and earn great yields through daily dividends. All IRA Certificate Accounts are subject to laws governing IRAs. Please consult your tax professional for guidance.
Free checking. It’s just what it sounds like.
At Clackamas, free means free. Open a free checking account with us, and say goodbye to monthly service charges, ATM fees, and debit card fees.
DIY Numbers
Answers for your questions.
A Traditional IRA may be best if your goal is a tax deduction right now or if you expect to pay taxes at a significantly lower rate in retirement. Earnings for a traditional IRA grow tax-deferred until you withdraw them, and your contributions may be tax deductible. You can open and make contributions to a Traditional IRA if you (or your spouse, if you file a joint return) receive taxable compensation during the year and you’re not age 70½ by the end of the year.
A Roth IRA may be your best choice if you want a tax break in the future. A Roth IRA is more flexible than a Traditional IRA. Regular contributions can be withdrawn tax-free, without penalty, at any time.