Retired couple, "Live your dreams, invest in your future"

Individual Retirement Account (IRA) 

It's never too early to start planning for retirement! We offer the following services get you on the right track to a financially secure future. Contact us for full details (certain restrictions apply).

  • Traditional IRA: allows you to defer taxes on the earnings on your contributions until they are withdrawn. Also, certain contributions are tax deductible in the tax year for which you make them.
  • Roth IRA: allows only non-deductible contributions and features tax-free withdrawals for certain distributions reasons after a five-year period. Since Roth IRA contributions are nondeductible and taxed in the year they are earned, if you expect to be in a higher tax bracket when you retire, you may benefit more from a Roth IRA than from a Traditional IRA.
  • IRA CD: you have control over the term of your investment while retaining all of the benefits of an IRA.

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Please note:

Individual Retirement Accounts (IRAs) are a special, tax-favored account type that have specific restrictions including, but not limited to, age restrictions and contribution limits. Please take the time to familiarize yourself with these restrictions before opening an account. While some IRAs are housed at banks, the account activity is ultimately between the account holder and the IRS, and not monitored by banks. Excess contributions will likely be flagged during tax filing. Penalties apply. Visit www.irs.gov or see a trusted tax advisor to learn more.

Health Savings Account (HSA)

A Health Savings Account is a great way to save and pay for qualifying health care expenses for you and your family. Contributions are tax-free and the account belongs to you, meaning you can continue to make contributions regardless of the changes in your life. We also offer Health Savings Certificates of Deposit. 

Contact us for full details (certain restrictions apply).


Please note:

Health Savings Accounts are a special, tax-favored account type that have specific restrictions including, but not limited to, eligible expenses and deposit limits. 

Please take the time to familiarize yourself with these restrictions. While HSAs are housed at banks, the account activity is ultimately between the account holder and the IRS, and not monitored by banks. Excess contributions will likely be flagged during tax filing and non-medical expenses during an IRS audit. Penalties apply. Your health insurance agent or tax accountant are good resources should you have questions.

Coverdell Education Savings Accounts (CESA)

Start saving for your child's education today with a Coverdell Education IRA. Certain restrictions apply; please contact us full details.

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Questions?

CONTACT US

Call us at 218-346-5700.

Looking for something else?

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