Start saving today towards a joyful, stress-free retirement with a traditional IRA from The First State Bank. It offers attractive rates and a variety of tax advantages, depending on your current and future needs. Your financial advisor can tell you if this is the right option for you.

If you are you looking to transfer money from a company sponsored retirement plan, but don't know where to invest it, this could be the solution. IRAs can also be invested into a CD with a term of your choice. Ensure financial security for your golden years. Call a Personal Banker today to get the most current rates and specials.

  • Tax-advantaged retirement savings*
  • Competitive interest above standard savings rates
  • No setup fees
  • No monthly or annual maintenance fees
  • $5,500 contribution limit per year
  • Additional $1,000 "catch-up" contribution allowed for ages 50+
  • Funds can be used to purchase CDs within IRA
  • No income limits to open
  • Contributions are tax deductible on state and federal income tax*
  • Earnings are tax deferred until withdrawal (when usually in lower tax bracket)
  • Withdrawals can begin at age 59½
  • Early withdrawals subject to penalty**
  • Mandatory withdrawals at age 70½
  • $5,000 minimum deposit to open

*Consult a tax advisor.

**Certain exceptions apply, such as healthcare, purchasing first home, etc.

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