Let Us Help You Choose the Right Plan
There are many types of IRAs available, but two of the most popular categories are the Rollover IRA and Deposit IRA.
The Rollover IRA is designed primarily for individuals who are retiring or changing jobs. Once you’ve left your employer, you can make arrangements to directly roll over the assets of your 401(k) plan into an IRA. Our experts can help you invest your retirement funds through personalized investment management.
The Deposit IRA is designed for individuals making annual contributions to an IRA. We can help invest your IRA funds through certificates of deposit.
Once we know which IRA category best suits your needs, we’ll help you decide which type of IRA can best meet your goals and provide the optimal after-tax benefits. The following IRAs can be used:
Traditional IRA: With a Traditional IRA, your contributions and earnings are tax-deferred until withdrawal and contributions may be deductible.
Roth IRA: Roth IRAs are similar to Traditional IRAs, except your contributions come from after-tax earnings and are tax-free when withdrawn.
Simplified Employee Pension: A SEP-IRA is a Traditional IRA established by an employer for employees.
Spousal IRA: A Spousal IRA can be set up by a married person in the name of his or her spouse who may have no earned income of their own.
Conduit IRA: A Conduit IRA is established by an individual to receive a distribution from a qualified retirement plan, such as a 401(k).
Inherited IRA: An Inherited IRA is designed to pay its proceeds to a nonspousal beneficiary by the end of the fifth year after the death of the IRA owner — or over the life of the designated beneficiary.
NOT A DEPOSIT — NOT INSURED BY THE FDIC OR ANY FEDERAL GOVERNMENT AGENCY — NOT GUARANTEED BY ANY BANK — MAY LOSE VALUE
For more information or to make an appointment with one of our trust officers, call 888.447.4730.
Use These Tools to Help You Budget
- How long would I be able to make withdrawals?
- What rate of return would I need?
- How much would I need to start?
- How much could I withdraw each month?
Trust services provided by AAA Banking • Division of Auto Club Trust, FSB