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IRA

We understand that in this current turbulent economy, many people have seen their retirement lose significant value.  That is why we have created the new Worry-Free IRA, so that you can be guaranteed to have a growing retirement fund.  We are also pleased to offer both Traditional and Roth IRAs as well as SEP Plans.

Traditional IRA

  • May make annual contributions
  • Contributions may be tax deductible+
  • Interest earned on IRA is not taxed until the funds are withdrawn+
  • IRA CD terms range from 7 days to 5 years
  • Jumbo CD's are also available for over $100,000 

Roth IRA

  • May make annual contributions
  • Contributions may be withdrawn tax-free, and IRS penalty free at any time for any reason+
  • Contributions are not tax deductible+ 
  • IRA CD terms range from 7 days to 5 years
  • Jumbo CD's are also available for over $100,000     

SEP Plans (Simplified Employee Pension)

  • Employer makes total contribution on the employee's behalf
  • Employees have immediate access to the contribution 
  • IRA CD terms range from 7 days to 5 years
  • Jumbo CD's are also available for over $100,000 
     

 To learn more, please contact your local Hometown Banker.

 

  

 


+Please consult with your tax advisor regarding your unique financial situation. 




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