Retirement Accounts

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Traditional and Roth Individual Retirement Accounts


Certificate of deposit Individual Retirement Accounts will assist you in accumulating funds for retirement.  The traditional IRA is an account that allows you to defer taxes on the earnings on your contributions until they are withdrawn. Some contributions are tax deductible in the tax year for which they are made.  The Roth IRA allows only nondeductible contributions and features Tax-free withdrawals for certain distribution reasons after a five year holding period.  Please consult your tax advisor to determine which IRA best suits your unique financial situation.

Stop by either State Bank of Herscher office in Herscher or Limestone to open your IRA account today!


Plan for Your Retirement Today!

Use our Retirement Calculator below to see how much you’ll need to save for retirement.

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