IRAs
ADDITIONAL INFORMATION
| Description/Requirements | Maturity Terms | |
|---|---|---|
| Traditional IRAs (Not employer-sponsored) |
The most basic IRA can be used as a tax-deferred retirement plan, or customers can use it to roll over funds from another qualified plan. Contributions to Traditional IRAs may be tax-deductible, and no taxes are assessed on gains or earnings until the funds are taken out of the IRA. For requirements, current maximum contribution limits and other Traditional IRA information, please click here. |
|
| Roth IRAs (Not employer-sponsored) |
Contributions made to Roth IRAs are not tax-deductible; however, earnings accumulate tax-free. Distributions may also be tax-free if the customer satisfies some specific requirements. For requirements, current maximum contribution limits and other Roth IRA information, please click here. |
|
| SEP IRAs |
A SEP (Simplified Employee Pension) IRA is a Traditional IRA set up under a written arrangement that allows employers to contribute to the IRA on the employee's behalf (employer contributions may be discretionary). Generally, SEP IRAs have the same rules and requirements as Traditional IRAs. For requirements, current maximum contribution limits and other SEP IRA information, please click here. |
|
| Rollovers and Transfers | ANB can help individuals set up a ROTH or Traditional IRA to keep retirement savings on track during life transitions — and make the entire process seamless. |
|
The products offered, unless otherwise indicated:
- are not FDIC insured
- are not a deposit or other obligation of the depository institution
- are not guaranteed by the depository institution
- are subject to investment risks, including the possible loss of the principal amount invested
- IRA's, if invested in the form of a CD in an FDIC member bank, are insured.
