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Preferred Branch

Kirkman (800) 584-0015 Change Location

Your Preferred Branch

Kirkman Change Location

2500 S. Kirkman Road
Orlando, FL 32811

Tel.(800) 584-0015

Hours
Mon-Fri: 9:00am - 7:00pm
Sat: 9:00am - 3:00pm
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    715 South Goldwyn Avenue - Orlando

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    16418 New Independence Pkwy, Suite 100 - Winter Garden

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    8101 S John Young Pkwy - Orlando

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    2602 James L. Redman Parkway - Plant City

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    13490 Beach Blvd. - Jacksonville

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The Axiom Bank Blog

 Learn about best practices, tips and advice for your financial life from bank staff. 

FAQs about IRAs

FAQs about IRAs

Posted On: November 27, 2018 by Axiom Bank in: Budgeting, Financial Planning, General, Save money, Savings

An IRA is an individual retirement account that is used as a tool for people to earn and earmark funds for retirement savings. Retirement may seem far away, but the earlier you start to save, the better off you’ll be! These accounts can hold more money than any other type of retirement account. You have flexibility when choosing investments and minimizing taxes, which means an IRA can play a huge role in how prepared you are for retirement. With that said, many people don’t fully understand how IRAs work; they can be confusing. As a result, there are many questions that arise when talking about IRAs. Here are a few: What does an IRA earn? - In simple terms an IRA is just a trust that is established with certain tax rules. More specifically, it’s a security blanket for your money. CD accounts, money market accounts, saving accounts and brokerage accounts can be IRAs. Who can open an IRA? - Anyone under the age of 70 who earns a taxable income can contribute to

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