-
Earnings are tax deferred until withdrawal
-
Annual contributions
-
Contributions may be tax deductible
-
Created for individuals who do not participate in employer sponsored retirement plans
-
Certain individuals who do participate in employer sponsored retirement plans may still qualify
-
Offers a tax structure unlike any other IRA, with after tax contributions and tax free growth
-
Qualified withdrawals are not taxable
-
Great investment for your child or grandchild's education
-
Money may be used for elementary, high school, or college expenses
-
Annual contributions
-
Contributions can be made for a beneficiary under the age of 18
INDIVIDUAL RETIREMENT ACCOUNTS (IRAs)
With an IRA from State Bank and Trust Co., you get secure, completely insured investment options with a manageable initial investment, just select the IRA that fits your investment goals.
Traditional
Roth
Coverdell (Education Savings Account)
For more information on opening your SBT IRA please contact Lisa McCoy or Nikki Pratt at 515.382.2191
*IRA's are FDIC insured to $250,000.
