Enjoy financial security by saving for your retirement! First State Bank & Trust offers several types of IRAs (Individual Retirement Accounts). Give us a call at 800/463-7781 and ask for a Personal Banker to learn which account is best for you and your retirement plans.
Traditional IRA: The amount contributed to your IRA may be tax deductible, depending on your adjusted gross income. Check with your tax advisor to learn if this is a good option for you.
Roth IRA: Contributions are not tax deductible but earnings grow tax-free. This is excellent account to save for retirement and make tax-free withdrawals later on.
SIMPLE IRA: (Savings Incentive Match Plan for Employees): This is a retirement plan where employees (including the employer) can make pre-tax contributions to IRAs. Available for businesses with fewer than 100 employees.
S.E.P. IRA: (Simplified Employee Pension Plan): This IRA is ideal for a small business or a self-employed individual to set up a retirement plan for himself or herself and all employees who meet qualifications. Annual contribution limits for the S.E.P. IRA may be higher than those for Traditional or Roth IRAs.
|Note: Some IRA investments may not be insured by the FDIC. Mutual funds, stocks and bonds are not deposits or obligations of any bank; are not guaranteed by any bank; and are not insured or guaranteed by the FDIC, Federal Reserve Board or any other government agency. Investment in mutual funds, stocks or bonds involves risk, including possible loss of principal. Additional information is available from our personal bankers. Please contact us.|