Personal Banking - Retirement
Retire on Your Own Terms

It may seem like a long time from now, but it is never too early to start planning and investing for your retirement. At Franklin Bank, we can help you make your retirement goals a reality.

For a complete picture of your personal banking options, be sure to check out all the checking and savings options, personal loans and other services that we offer or find a banking office near you to discuss your needs.

Traditional IRAs
Ideal if you are looking to put your pre-tax earnings into something that can grow, tax-deferred. Your contributions may even be tax-deductible.*

	Contribute up to $4,000 ($5,000 age 50 and older) or 100% of earned income, whichever is less for the tax year 2007.
	Contribute up to $5,000 ($6,000 age 50 and older) or 100% of earned income, whichever is less for the tax year 2008.
	Tax deductible if you meet certain eligibility requirements.
	Must begin withdrawing the year in which you attain age 70 1/2.
	10% IRS early withdrawal penalty on any taxable distribution if withdrawn before age 59 1/2 unless exceptions apply.
	Tax-deductible contributions and earnings are taxed as ordinary income when withdrawn.

Roth IRAs
Ideal if you are looking to put your after-tax earnings into something that can grow and may be paid out tax free if you meet certain requirements.*

	Contribute up to $4,000 ($5,000 age 50 and older) or 100% of earned income, whichever is less for the tax year 2007.
	Contribute up to $5,000 ($6,000 age 50 and older) or 100% of earned income, whichever is less for the tax year 2008.
	Tax-free withdrawal if you meet certain requirements.
	10% IRS early withdrawal penalty on any taxable distribution if withdrawn before age 59 1/2 unless exceptions apply.
	Contributions can be made to your Roth IRA regardless of your age as long as you have earned income.
	Certain adjusted gross income limitations apply. Please consult your CPA or Tax Advisor for details.