[Skip to Content]
  • 364

Retirement Accounts

Traditional IRA

  • Contributions up to $5000 may be tax deductible
  • Catch-up contribution of $1000 is optional if you are 50 years old or older
  • Your earnings are taxable at time of withdrawal
  • Interest rates dependent on Certificate of Deposit rates at time of purchase
  • Penalty for early withdrawal may apply

Roth IRA

  • Contribution (up to $5,000) is taxable in the year it is made, but earnings are tax-free after five years if federal guidelines are followed
  • Penalty for early withdrawal may apply

10625 Business 21, Hillsboro, Missouri 63050 | 636-797-3337 | info@bankofhillsboro.com

© 2017 Bank of Hillsboro All Rights Reserved. | Online Security Notice | Privacy Notice | SiteMap

Website Design by:
Home Advertising Inc.