Make the next chapter of your life a happy and prosperous one.
They call them the Golden Years, but to make them really sparkle you'll need to build up enough savings to do all those things you want to do. A great way to make that happen is with an Individual Retirement Account.
At Starion Bank, we offer Traditional and Roth IRAs. Both offer unique tax benefits and a list of other attractive features. One of our knowledgeable Investment Services Representatives can help you sort through the details and choose the account that works best for you.
Traditional IRA
- Invest up to $6,000 per year ($7,000 if over age 50)
- Choose to put funds in CDs, savings accounts and other investment options
- Investment interest grows tax-free
- Potential annual tax breaks for each year funds are contributed
- Option to convert to a Roth IRA
- No annual fees
- Consult your financial advisor for more Traditional IRA tax information
Roth IRAs
- Invest up to $6,000 per year ($7,000 if over age 50)
- Choose to put funds in CDs, savings accounts and other investment options
- Investment interest grows tax-free and is withdrawn tax-free
- No annual income tax deductions
- No annual fees
- Roth funds can be used in some cases for home purchases and higher education expenses
- Assets in a Roth IRA can be passed on to heirs
- Consult your financial advisor for more Roth IRA tax information
Starion Bank is a full-service financial institution with branches in North Dakota and Wisconsin.
