IRAs
While we all have our own personal paths to retirement, a common reality is that most people are responsible for accumulating their own retirement savings. An individual retirement account (IRA) can offer tax-deferred growth and even tax savings when used under qualifying circumstances.
Traditional IRA
Benefits
- Save for retirement which may have tax deferred contributions
- $500 opening minimum balance
- Tax deferred earnings
- $7,000 maximum contribution annually* (up to age 50)
- $8,000 maximum contribution annually* (over age 50)
Contact Us or call customer service at any of our locations... (870) 382-4311 Dumas, (501)847-4141 Bryant or (501)443-6533 Benton to learn more.
*Some restrictions may apply to contribution limits for IRAs. Consult your tax advisor.
Roth IRA
Benefits
- Save for retirement with nondeductible contributions.
- $500 opening minimum balance
- Tax deferred earnings
- $7,000 maximum contribution annually* (up to age 50)
- $8,000 maximum contribution annually* (over age 50)
Contact Us or call customer service at any of our locations... (870) 382-4311 Dumas, (501)847-4141 Bryant or (501)443-6533 Benton to learn more.
*Some restrictions may apply to contribution limits for IRAs. Consult your tax advisor.
Coverdell Education Savings Account (Coverdell ESA)
Benefits
- Savings benefit for a child up to the age of 18
- $500 opening minimum balance
- Tax-free education savings account
- $2000 maximum contributions per child annually*
Contact Us or call customer service at any of our locations... (870) 382-4311 Dumas, (501)847-4141 Bryant or (501)443-6533 Benton to learn more.
* Consult your tax advisor.
Inherited IRA
Benefits
- Spousal and non-spousal beneficiaries*
Contact Us or call customer service at any of our locations... (870) 382-4311 Dumas, (501)847-4141 Bryant or (501)443-6533 Benton to learn more.
* Consult your tax advisor.
Simplified Employee Pension Plan (SEP IRA)
Benefits
- Employer contributes for employees *
- Tax deferred earnings*
Contact Us or call customer service at any of our locations... (870) 382-4311 Dumas, (501)847-4141 Bryant or (501)443-6533 Benton to learn more.
*Some restrictions may apply to contribution limits for IRAs. Consult your tax advisor.