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Help For U.S. Gov't Employees Affected by Shutdown Read Full Message

Our customers’ financial well-being is our top priority. We are currently offering assistance to customers who are U.S. government employees facing hardship due to the U.S. government shutdown. We encourage these customers, whose income is affected by the shutdown, to contact us to discuss financial relief options. Please contact our Customer Service Center team at (800) 363-8115 for assistance.

Traditional IRA

A Traditional Individual Retirement Account (IRA) can be an effective retirement tool for individuals. With a Traditional IRA from Spencer, you will be provided the tools to save for retirement while gaining various tax advantages. Opening an IRA now and contributing to it regularly can create a secure retirement setting for your future. Compare the advantages of a Traditional IRA with those of a Roth IRA using our convenient comparison chart: Traditional vs. Roth

Spencer’s IRAs are insured by the FDIC up to $250,000 per depositor.
Why Spencer?
  • Hassle-free rollovers and transfers
  • Minimum to open as low as $500
  • Variety of terms available to meet your needs
  • One term change allowed per year for customers over 59 ½ years of age without penalty
Benefits
  • Tax-Deferred Earnings
  • Contributions and earnings can be withdrawn IRS penalty-free after age 59½
  • Contributions may be tax-deductible, provided that eligibility requirements are met
  • Earnings and tax-deductible contributions are taxed as income upon withdrawal
Who Can Invest?
  • Anyone earning income provided eligibility requirements are met
Maximum Annual Contribution
  • $7,000 (below age 50)
  • $8,000 (age 50 and older)

Inquire Now

Open Your Account Today

Inquire online, visit your local Financial Center, or call us at 1-800-363-8115 today!