You have one simple goal for your retirement years—live happily.
Enjoy your friends. Explore your passions. Raise a glass to the good times. Retirement is the time to do all sorts of special things—so make sure you save up enough to make every moment count. A Traditional or Roth IRA from First State Bank can put you on the right path with steady earnings, tax benefits,* and the confidence that your money will be waiting when you're ready to enjoy it.
- Minimum Opening Deposit - $500
- Contribute up to $7,000 annually ($8,000 if you're age 50 or older) for 2024 and 2025.
- First State Bank IRA certificates of deposit (CDs) offer higher fixed rates than regular savings accounts and provide steady earnings.
- Choose terms from 12 to 60 months.
- With Traditional IRAs, you may be able to claim an income tax deduction each year you make a deposit.*
- With Roth IRAs, all qualified withdrawals are tax-free.
- With both Traditional and Roth IRAs, annual interest income is tax-exempt and taxable compensation is required to contribute.
- You may also roll over funds from a 401(k) or other qualified retirement plan into your IRA.
For more information on IRAs, contact your First State Bank representative and visit the IRS website.
* Please consult your tax advisor to learn what tax benefits may apply to you.
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