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IRA-Header

Personal IRA

Long Term Savings
Made Personal

Retire On
Your Terms

Enjoy the advantages today and financial confidence for the future. 

Traditional IRA Or Roth?

Understand The Difference & Choose Your Fit

Both IRAs help you save for retirement, but they work differently. Here’s a quick look at how each one is designed, so you can make the choice that’s right for you.*

Traditional IRA

Contributions

Contributions may be tax-deductible now, lowering your taxable income for the year.

 

Withdrawals

Withdrawals in retirement are taxed as ordinary income.

 

Age Limits

You can contribute as long as you have earned income, up to annual IRS limits. Required minimum distributions (RMDs) begin at age 73.

Roth IRA

Contributions

Contributions are made with after-tax dollars, so they don’t reduce your taxable income today.

 

Withdrawals

Qualified withdrawals are tax-free.

 

Age Limits

You can contribute as long as you have earned income, up to annual IRS limits. No required minimum distributions (RMDs) during your lifetime.

*First Bank Texas and its subsidiaries do not provide tax, legal or accounting advice. The information here is for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.

More Accounts, More Possibilities

Explore savings accounts, money markets, and CDs—all designed to keep your money safe, growing, and ready when you need it.

Group 78

First Savings
Accounts

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Certificate of
Deposit (CDs)

Group 77

Money Market
Account

Let's Grow

Let's Grow Your Future

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Routing Number: 111901988

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Equal Housing Opportunity

First Bank Texas is your local community bank that offers a range of personal and business banking solutions including savings and checking accounts, individual retirement accounts (IRAs), VA loans, mortgages, commercial loans, agriculture lending, working capital loans, real estate loans and much more. Bank online, with our mobile app or visit one of our conveniently located North Texas locations in the Greater Abilene, West Fort Worth and Grapevine areas.