It's that time again and April 15th is right around the corner. People often wonder what type of IRA is best. Both Traditional and Roth IRA's have significant tax advantages. However, in some situations, one may be better than the other. 

Traditional IRA contributions can be tax-deductible in the year that you make the contribution. In other words, your contribution of $4,000 will reduce your current taxable income by $4,000. If you're in a higher tax bracket, this can be a reasonable savings!

You'll be glad to know that Fowler State Bank can offer you the IRA that best fits your current financial situation! We offer both the Traditional IRA and the Roth IRA.