Roth IRAs

Roth IRAs

Create Tax-Free Retirement Income with a Roth IRA

When you save for retirement with a Roth IRA from PlainsCapital Bank, your earnings are sheltered from federal taxes. Better yet, qualified withdrawals are completely tax-free.

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  • Earnings are tax-free and penalty-free as long as the account is open for five tax years and funds are withdrawn for a qualified reason (age 59 1/2, death, disability, or first-time home purchase)*
  • No required distributions at age 70 1/2
  • CD terms available from one to five years with fixed rates
  • Accepts rollovers from qualified retirement plans; consult your tax advisor first
  • FDIC insured up to the maximum amount allowable by law


  • You must earn compensation (or your spouse must earn compensation if you file a joint tax return)
  • Your modified adjusted gross income (MAGI) must be less than IRS limits


  • Minimum deposit is just $100
  • Contributors under age 50 may contribute up to $6,000 in 2019
  • Contributors age 50 or older may contribute up to $7,000 in 2019
  • Contributions cannot exceed compensation

Please consult your tax professional for tax rules regarding IRAs.

*Age 59 1/2, disability, death, or first-time home purchase. Lifetime limit for exemption on a first-time home purchase is $10,000.