We can open your new IRA with a current or prior year contribution and accept all transfers and direct/indirect rollovers from other Financial Institutions or Qualified Retirement Plans.

  • Traditional: Some contributions are deductible; most distributions are taxable
     
  • Roth: Non-deductible contributions; tax-free qualified distributions
     
  • Coverdell: Tax-free qualified distributions for certain education expenses
     
  • SEP: Employer deductible contributions; distributions are taxable
     
  • SIMPLE: Employee deferrals; employer deductible contributions; distributions are taxable

 

Please contact a Personal Banker for assistance with any IRA-related questions at 815-744-4620.

 


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