Returning to Normal

Our main office and branch lobbies have resumed their normal schedules with restrictions. Click "Learn More" for specifics. The University branch can be accessed via Rewak or Sportsmans Drive due to road construction.

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Retirement Accounts

Start Saving For Your Retirement Now

Whether you’re just starting out in the workforce, or you’ve been working for decades, you want to make sure you can live comfortably when your working days are over. Regardless of your age, you want to make sure you’re saving the right way for your retirement. At Mt. McKinley Bank, we offer retirement accounts to allow you to save for your retirement throughout the year. The best part? We give you options so you can choose the retirement account that works best for you. If you’d like to learn more about how you can save more effectively for your retirement, stop into our offices to speak with our staff.

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Retirement Accounts We Offer

There are three types of retirement accounts available at Mt. McKinley Bank. We encourage you to consult your tax advisor to determine which IRA would be the right choice for you.

Retirement Accounts

Account Type

What You Need to Know About This Account

Traditional IRA

Account holders under the age of 70 for the entire year are eligible to contribute to the account

 

Earnings grow tax-deferred

 

Annual contributions to account may be tax-deductible

 

Roth IRA

You are eligible to open this account at any age as long as you meet income requirements

 

Contributions are not tax-deductible

 

Earnings grow tax-free

 

No tax or penalties on qualified withdrawals from the account

 

Education IRA

Save for your child’s education

 

Deposits are tax-free until withdrawn

 

Funds can be used to pay for education-related expenses for elementary, secondary and college education

 

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