Individual Retirement Accounts
It's never too early to start saving for retirement. Whether you’ve just started thinking about retirement, are nearing retirement age, or somewhere in between, we have an option for you.
Retirement plans are not one size fits all. And sometimes figuring out which plan will work best for you is confusing. SCBT offers several Individual Retirement Accounts (IRAs) to meet your needs.
A Traditional IRA allows you an opportunity to supplement your other retirement savings.
- Contributions may be tax-deductible1
- Withdrawals may begin at age 59 1/22
Contributions are not tax-deductible, but earnings are tax-deferred (and potentially without tax penalty).1
Withdrawals are tax-free and penalty-free if used for room and board, tuition, and certain other expenses.3
Contribute funds from a qualified pension plan, profit-sharing plan, or IRA from another institution.
Contact your Personal Banker for the support and information you need to determine which IRA is best for you. To learn more about these and other IRA options that may be available to you, click here. Visit our Advice Planning & Retirement Section to learn more about retirement, get advice and customize your plans with calculators.