For many people, retirement planning begins with an Individual Retirement Account (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 several types of IRAs, including standard deductible and non-deductible IRAs, Roth IRAs and Coverdell Educational IRAs.
We use our Certificate of Deposit for the IRA investment, which allows the customer to benefit from the highest fixed rates available.
For all of our customers over 59 1/2, we have the step-up privilege. This allows the customer to step up to a higher rate if available, once per calendar year. This feature benefits the customer that is soon to be approaching retirement.
Ask us about IRA rollovers from a 401(k), an Employee Stock Ownership Plan or other employer-sponsored retirement plan into an individual IRA.
