IRAs

IRAs let you save tax deferred for the future, and in some cases, your contributions may be tax deductible as well. (Always consult a tax advisor to determine how an IRA will benefit you.) What's more, when you choose an OceanFirst CD for your IRA investment, you know the principal is protected and the earnings are guaranteed.

Remember, even if you have an IRA at another financial institution, you can transfer it to OceanFirst to get the benefits of our safety, security and exceptional personal service. In fact, our IRA experts will be glad to help you make the transfer. OceanFirst's IRA options include:

• Traditional and Roth IRAs

  Trying to decide between a traditional IRA and a Roth IRA? Remember these basic differences:

  The annual contribution of a traditional IRA is tax deductible (if you qualify), but when you begin to withdraw money, you pay ordinary income tax on your withdrawals. The annual contribution to a Roth IRA is not tax deductible, but when you begin to withdraw the money during retirement, you pay no income tax on your withdrawals providing the money has been on deposit in a Roth IRA for at least five years.

• Education IRA

  IRAs aren't just for retirement. If you're like most parents, preparing for your child's education is a difficult task. An Education IRA at OceanFirst can help you take care of part of the burden of paying for your child's education expenses.

• Simple and SEP IRAs

  If you're a small business owner, OceanFirst can help you take care of your employees' retirement needs -- and your own -- with a Simple IRA or SEP IRA plan. These plans are easy to understand and require minimum paperwork. And of course, you'll get the personal service OceanFirst provides to every customer.

For more information about OceanFirst products and services, please e-mail us your questions, visit your local branch or give us a call at 1-888-OCEAN33.