Retirement Accounts

A relaxing retirement starts with a plan

Retirement isn't the same for everyone

Whether you're an individual planning for retirement or a business owner covering your employees, it's important to know the best retirement products available to you. Understanding your options may go a long way toward making the most of retirement planning.

Retirement options for individuals

Traditional IRA

Start saving for retirement with a traditional individual retirement account.

  • Contributions may be tax deductible
  • Anyone with earned income can contribute
  • Make penalty-free withdrawals once you turn 59 1/2
Learn more about SEP IRAs
Find a Branch

Roth IRA

Build out your retirement plan with a tax-advantaged Roth IRA.

  • Withdraw earnings tax and penalty free when you turn 59 1/2 and your account has been funded for 5 years
  • You may withdraw contributions tax and penalty free at any time
Learn more about SIMPLE IRAs
Find a Branch

Retirement options for business owners

SEP IRA

Give yourself or your employees a way to save for retirement, no matter your business size.

  • A low-cost, easy to maintain retirement plan for business owners and their employees
  • No required annual contributions
  • Employers retain 100% ownership of their investments
Learn more about SEP IRAs
Find a Branch

SIMPLE IRA

A SIMPLE IRA plan can give your employees security and flexibility to save more for retirement.

  • Available for small businesses with 100 employees or fewer
  • Enables employees to make pretax salary deferral contributions
  • Employer contributions can match dollar-for-dollar or a flat percentage of wages
Learn more about SIMPLE IRAs
Find a Branch

Insights
A few financial insights for your life

Retirement

How to plan for retirement

Use these retirement planning strategies to help secure your future.
Conventional wisdom says you'll need roughly 80% of your current income to maintain your lifestyle in retirement.
Retirement

Is a rollover IRA right for you?

Here's how to decide if a rollover IRA is the right choice for your circumstances.
While rolling over a 401(k) or other employer-sponsored retirement plan into an IRA is generally quick and relatively simple, there are some nuances to consider.
Retirement

Tips to ease retirement fears

Alleviate your fears of running out of money in retirement with these strategies.
If you can afford to do so, plan for a retirement that exceeds your life expectancy.

Account openings are subject to bank approval.

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About the Entities, Brands and Services Offered: First Citizens Wealth® (FCW) is a registered trademark of First Citizens BancShares, Inc., a bank holding company. The following affiliates of First Citizens BancShares are the entities through which FCW products are offered. Brokerage products and services are offered through First Citizens Investor Services, Inc. ("FCIS"), a registered broker-dealer, Member FINRA and SIPC. Advisory services are offered through FCIS, First Citizens Asset Management, Inc. and SVB Wealth LLC, all SEC registered investment advisors. Certain brokerage and advisory products and services may not be available from all investment professionals, in all jurisdictions or to all investors. Insurance products and services are offered through FCIS, a licensed insurance agency. Banking, lending, trust products and services, and certain insurance products and services are offered by First-Citizens Bank & Trust Company, Member FDIC, and an Equal Housing Lender, and SVB, a division of First-Citizens Bank & Trust Company. icon: sys-ehl

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