What is IRA?
An Individual Retirement Account (IRA) is your own IRS-approved retirement plan with special tax benefits and privileges. An IRA can save you taxes now and provide significant income after you retire. It's a simple and easy way to save for retirement. And, depending on the type of IRA you choose, your IRA earnings are tax deferred or tax free.
QNB strives to be knowledgeable of changing tax laws. However, we are not tax advisors. We, therefore, encourage you to consult your tax advisor to discuss specific tax benefits for your situation.