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Community Bank

Cutting Edge. Common Sense.

Retirement Plans

It’s never too early or too late to start your retirement savings plan. That’s why we have investment options and accounts for whatever your needs. Get a personalized investment plan today to plan for a solid financial future during your golden years.

Traditional IRA

A Traditional IRA is a simple retirement savings tool used by many because of its effectiveness in growing your nest egg. It allows you to earn money tax-deferred and your contributions may be tax-deductible depending on your filing status, income, and other aspects.

Roth IRA

A Roth IRA has the same characteristics as a Traditional IRA except contributions made are not tax-deductible, but earnings are tax-deferred.  With this account, distributions are tax-free when certain conditions are met.  There is no age limit on contributions, nor is there a required minimum distribution at age 70½.

SIMPLE IRA

With a SIMPLE IRA, employees can supply their personal retirement account through pretax contributions. Employers are required to subsidize some funds, but this plan requires less paperwork than a traditional 401K plan and is more flexible in nature.

SEP IRA

SEP IRA stands for Simplified Employer Pension Individual Retirement Account. It may be a mouthful, but this account actually simplifies carrying retirement accounts for small businesses and self-employed individuals. This account is made for employers to make direct contributions to the employee's account without all of the paperwork.

Note: Distributions from qualified retirement plans prior to age 59½ may be subject to a 10% IRS penalty.  Consult your tax advisor.  Neither Cetera Investment Services, nor any of its representatives may provide tax advice.

Contact a Community Brokerage & Investment Services financial advisor to get started today.

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