Individual Retirement Account (IRA) - A Better Retirement Savings Account for a Better Retirement

Prepare for retirement with a Florida IRA savings account at Seacoast Bank. Enjoy tax advantages and interest-earning funds with our FDIC-insured IRAs. Tailored to meet your long-term goals, our IRAs can supplement employer-sponsored plans or offer additional investment options.

IRA Account Features

A Florida IRA savings account offers many benefits, including:

  • Interest-earning potential: Grow your savings over time with compounded interest.
  • FDIC-insured: Your funds are protected up to the insured limit, offering peace of mind.
  • Tax advantages: Contributions are tax-sheltered until withdrawal, making it easier to grow your nest egg.
  • Flexible options: Use an IRA to supplement your employer-sponsored retirement plan or explore a broader range of investment choices.

IRA Contribution Limits & Tax Benefits

For 2024, the total annual contribution limit to your traditional IRAs and Roth IRAs is $7,000 (or $8,000 if you are 50 or older).

    • Traditional IRAs: Contributions may be tax deductible, depending on your income and whether a workplace retirement plan covers you or your spouse.
    • FDIC-insured: Your funds are protected up to the insured limit, offering peace of mind.
    • Roth IRAs: Contributions are made with after-tax dollars, but withdrawals during retirement are generally tax-free.

Seacoast IRA Can Supplement Employer-Sponsored Plans

  • Provides additional savings potential and flexibility.
  • Offers access to a wider range of investments.
  • Helps shelter extra income from taxes and grow retirement funds beyond employer plan limits.

How to Open Your IRA Savings Account:

Opening an IRA savings account with Seacoast Bank is simple:

  • Gather your information: Address, phone number, email, and Social Security number (or taxpayer ID).
  • Fund your account: Bank account and routing number for the initial deposit. Minimum balance to open an account is $100.
  • Visit your local branch: Complete the setup and get personalized advice from a Seacoast banker.

Visit a local branch to open a Seacoast IRA and take control of your future with personalized guidance from our financial experts.

Find Your Closest Branch

Enjoy these standard features with all of our accounts:

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Frequently Asked Questions (FAQs)

Frequently Asked Questions

Have Questions? Speak with a Seacoast Banker

As your local banking option, we are here to answer any questions you have. Fill out the form below and a Seacoast Banker will be in touch soon.

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