IRAs & Retirement Planning
Individual Retirement Account (IRA) - Traditional and Roth
For many people, retirement planning begins with an IRA. For those with an employer-sponsored retirement program, an IRA affords additional reassurance that retirement will be free from financial worries. At First State Bank and Trust, we offer all types of IRA accounts, including standard deductible and non-deductible IRAs, and Roth IRAs. Within our Trust Department, these IRAs are "self-directed," allowing a wider variety of investment options. Many clients choose mutual funds, however individual stocks, money market funds and other investments may also be held.
We can facilitate the transfer of your retirement funds from a 401(k), an Employee Stock Ownership Plan, or other employer-sponsored retirement plan into an individual IRA. A Rollover IRA offers several advantages, including confidentiality, additional investment choices, and the convenience of a local custodian rather than a distant plan administrator. Additionally, your retirement account maintains its tax-deferred status when it is rolled directly into an IRA.
Whether your retirement is imminent or years away, we can assist you. Our trust professionals have many years of experience in retirement planning. We will take into account your entire financial picture, including current assets and debts, anticipated expenses, pension and Social Security benefits and health care costs, as well as your goals and expectations. Our expertise can be invaluable and our guidance is always unbiased, with your best interests as our sole objective.
For a variety of helpful tools to assist with your retirement planning, visit the Retirement section of the Calculators option under Online Services.
For more information contact our Trust Services Department: 651.351.3760
Products and services offered through the Trust Services Department of First State Bank and Trust:
not FDIC insured - no bank guarantee - may lose value - not insured by any government agency - not a deposit or other form of obligation of the bank