Online Banking Login

Custom Image
Custom Image
Custom Image
Custom Image

Retirement Accounts

TRADITIONAL INDIVIDUAL RETIREMENT ACCOUNTS

Traditional IRAs provide tax-deferred savings for retirement balances. These accounts are typically funded with annual contributions (which, under certain circumstances, might also be tax deductible) and rollovers from employer-sponsored retirement plans. Traditional IRA owners must begin Required Minimum Distributions (RMDs) from their accounts when they reach age 70-½.

ROTH IRAs

Like Traditional IRAs, Roth IRAs provide a vehicle for tax-deferred retirement savings. These accounts are typically funded with annual contributions (which are never tax deductible) and conversions from Traditional IRAs. If certain conditions are met, the earnings generated by a Roth IRA are not only tax-deferred but completely tax free upon withdrawal. Furthermore, Roth IRA owners never have to begin RMDs, even after turning 70 1/2.

SEP IRAs

A Simplified Employee Pension (SEP) is a retirement plan established by a business. It enables the business owner to make contributions into its employees' IRAs. Once the employer's money has been deposited to an eligible employee's SEP IRA, the account assumes all of the characteristics of a Traditional IRA.

Each type of IRA carries restrictions regarding contribution amounts, contribution eligibility and types of deposits. Accordingly, it is imperative that account owners consult with their tax advisor before initiating IRA transactions.

No matter which type of IRA that is opened with SBT Investment Services, all account owners will have access to our professionally chosen portfolio of mutual funds and, in certain circumstances, individually selected stocks and bonds.