Log In Here Need an Account? Click Here



When are you hoping to retire? In a few years? 20? 40? It's never to soon to start saving for retirement. The earlier you start, the more time your account has to grow! Individual Retirement Accounts (IRA's)  are a great way to save for your future. Sierra Pacific offers both Traditional and Roth IRA's with rates generally above the market norm. All you need to start your retirement fund is $100 and a Regular Shares Account.

Traditional IRA

Anyone under 70.5 years of age can open a traditional IRA. Your contributions to this account may be fully or partially deductible each year, depending on your income. The balance (including earnings and gains) are not taxed until distribution.

This type of retirement account has the potential to grow fast because all earnings, contributions, and dividends compound each year without being taxed. You can begin withdrawing funds at 50.5 years old, with mandatory withdrawals after age 70.5.

Roth IRA

You can open a Roth IRA if your income is less than a pre-set limit and you are under age 50. This type of IRA account allows you to pay taxes up front, with no additional taxes when you withdraw your funds. Your contributions, earnings, and dividends grow tax-free forever.

A Roth IRA is more flexible if you need to withdraw funds early. There is no mandatory withdrawal, so your money can continue to grow as you get older. If necessary, you can transfer your Roth IRA to a Traditional IRA down the line.


Stop by your local branch to open your IRA account today.


Product Finder