Tax benefits
Traditional or Roth advantages depending on your goals and tax situation.
Individual Retirement Accounts
Retirement savings that work on your terms.
Traditional, Roth, Rollover, and SEP IRAs — managed securely alongside your everyday banking.
Open an IRAWhat is an IRA?
An Individual Retirement Account is a tax-advantaged savings account designed to help you build wealth for retirement outside of an employer-sponsored plan. Whether you are self-employed, supplementing a 401(k), or rolling over funds from a previous employer, Oak Montt Finance helps you choose the right IRA. Already have a 401(k)? Learn about 401(k) plans.
Flexible
Open and fund on your schedule — no employer sponsorship required.
Rollover ready
Consolidate old 401(k) balances into a Rollover IRA with guided support.
Choose the right IRA
Align your retirement strategy with your income, tax situation, and timeline.
- Traditional IRA Contributions may be tax-deductible; earnings grow tax-deferred until retirement.
- Roth IRA After-tax contributions with tax-free qualified withdrawals and no lifetime RMDs.
- Rollover IRA Move a former employer plan without unnecessary taxes or penalties.
- SEP IRA Higher contribution limits for self-employed individuals and small businesses.
Your IRA, managed online
Open, fund, and monitor your IRA through our secure customer dashboard — alongside everyday banking.
Open your IRA in 3 steps
1
Register & verify
Create your Oak Montt Finance account and complete identity verification.
2
Choose your IRA
Review Traditional, Roth, Rollover, and SEP options in your dashboard.
3
Fund & grow
Make your first contribution and track retirement progress over time.
IRA frequently asked questions
A Traditional IRA may offer tax-deductible contributions and tax-deferred growth, with taxes due on withdrawals in retirement. A Roth IRA uses after-tax contributions but qualified withdrawals — including earnings — are tax-free.
Yes. Many people contribute to an employer 401(k) and also fund an IRA. Annual contribution limits apply separately to each account type.
Contact Oak Montt Finance to open a Rollover IRA, then request a direct rollover from your former plan administrator to avoid taxes and penalties.
For 2024, the standard IRA contribution limit is $7,000 ($8,000 if you are age 50 or older). Limits are reviewed annually by the IRS.
Log in to online banking and visit the IRA section to review your account, make contributions, and explore investment options.
Start your IRA today
Take control of your retirement with a Oak Montt Finance IRA.