Checking & Savings
Checking and Savings
Individual Retirement Accounts (IRA’s)
Individual Retirement Accounts provide an effective way to save for retirement. 1st Bank offers a number of IRA savings options designed to make your retirement dreams come true.
Traditional IRA:
If eligible, your contributions may be tax deductible. If not, you can still make after-tax contributions. Either way, your earnings grow tax-deferred.
ROTH IRA:
Contributions to the ROTH IRA are made in after-tax dollars. If you meet certain requirements, the money you take out at retirement will be free from federal taxes.
SEP IRA (Simplified Employee Pension IRA):
Small business owners can make tax-deductible contributions with this flexible plan that is easy to set up and maintain. If you have employees, you may be required to contribute for them as well.
For more information, contact your local 1st Bank branch.
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