First Bank Roth Individual Retirement Accounts are tax-benefitted accounts that are authorized by Congress. Roth IRA's are not tax-deferred, but once you retire the distribution of earnings is tax free.

Features
* You can open a Roth IRA with $100
* Contributions can be made at any time in amounts of $5 or greater
* Annual contributions are limited to $4,000 ($4,500 for anyone over 50).
* Contributions are not tax deductible
* There may be a tax on funds taken out before age 59 1/2. Please consult your tax advisor.
* No requirement to begin distribution by age 70 1/2
* Open to all wage earners with salaries less than $150,000, subject to restrictions.

Benefits
* Tax-free distribution of earnings!
* Flexible pay out schedule that does not have to start at 70 1/2
* Wide choice of fixed rate, variable rate, CD terms and mutual funds
* Spouse can inherit IRA
* Automatic savings available
* You can convert existing IRA's to Roth IRA's
* More secure financial future