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Traditional IRA

Secure Your Financial Future

At Woodsboro Bank, a Traditional Individual Retirement Account (IRA) does more than save money – it paves the way for a secure financial future. Finding the right IRA for you can depend on several factors. There are two popular types of IRAs: Traditional and Roth. We also offer Rollover, Spousal, SEP, and SIMPLE IRAs.

Benefits of a Traditional IRA

  • Tax-Deferred Growth: Watch your investments grow tax-deferred until you decide to make withdrawals. This allows your money to accumulate more rapidly, pushing you even closer to your retirement goals.
  • Potential Tax Deductions: Your contributions may be tax-deductible depending on your circumstances, giving you a powerful financial tool to balance today's needs with tomorrow's dreams.
  • Compound Interest: As your investment earns interest, that interest is reinvested, generating even more income. This “interest-on-interest” effect significantly boosts your savings over time.

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Our LPL Financial Advisors are committed to your goals. We believe in putting the focus on you to first build a personal relationship and get to the heart of what you really want to pursue. Our advisors take pride in their dedication to getting to know you, your financial position, and your goals to help you prioritize and develop a sound financial strategy, and stay on track so you can pursue your long-term goals.

Personal Consultation and collaborative support

Professional financial analysis and recommendations

We go beyond investments by working in coordination with the professionals handling other aspects of your finances, including, tax and legal, to help you manage the bigger financial picture

Click Here to meet and book an appointment with our our financial advisors.

ARE YOU READY TO open a new account?

Call 301.898.4000 or contact our branch team.
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Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Woodsboro Financial Services (TM) and Woodsboro Bank are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using the name Woodsboro Financial Services (TM), and may also be employees of Woodsboro Bank (TM). These products and services are being offered through LPL and its affiliates, which are separate entities from and not affiliates of Woodsboro Bank (TM) or Woodsboro Financial Services (TM).

Securities and insurance offered through LPL or affiliates are:

Not FDIC Insured I Not Bank Guaranteed I May Lose Value I Not Insured by any Federal Government Agency I Not a Bank Deposit

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The LPL Financial registered representative(s) associated with this website may discuss and/or transact business only with residents of the state in which they are registered or licensed. No offers may be made or accepted from any other resident of any other state.