What Your IRA Test Score Means

Individual Retirement Account Chart
If Your Test Score Is…

Under 14 Points:

An IRA may not be right for you at this time. Speak to one of our representatives for more information.

14 Points or More:

If your age is 21 to 35:

Now is the ideal time to open an IRA. If you invest $2000 a year at 6% or more, you could have $300,000 or more at age 65.

If your age is 36 to 45:

You’re in your peak earning years. Start an IRA today. Don’t delay.

If your age is 46 to 64:

If you haven’t opened an IRA by now, you should do so immediately.

If your age is 65 or more:

If you’re retired, it’s too late to open an IRA. But if you’re still working, you have until age 70-1/2 to continue investing for a more secure future.

This chart is for your information only. Be sure to consult a customer service representative before opening an Individual Retirement Account.
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I am grateful for many things during this time of year: family, friends and health to name but a few. Adding to my list is the honor for me to be asked to serve as Cecil Bank’s President and CEO. As only the fifth executive to serve in this capacity for a 60-year old institution and for it to be the only independent institution serving northeast Maryland, this opportunity is a true privilege. My roots are in Maryland, having been born and raised in Baltimore. I have spent almost 40 years - my entire career - in banking and financial services.

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