Take charge of your retirement plan
At Community Bank & Trust, our expert financial advisors are here to help you every step of the way. Whether you are just beginning your saving journey or looking to optimize your current plan, we'll help find a strategy that fits your goals and lifestyle.
Adding an IRA to your strategy can make the difference in how comfortable you are when you retire. Start saving now outside of your 401(k) with an IRA to dramatically increase your income.
What is an IRA?
An IRA, or an Individual Retirement Account, is essentially a savings account with big tax breaks, which makes it an ideal way to save for your retirement. Unlike a 401(k) that is provided by your company, an IRA is an account that you open up on your own.
IRAs are often more ideal than a regular savings or Money Market account because they enjoy the benefit of tax-deferred interest. This allows your retirement savings to grow faster in an IRA than they would in a similar taxable account because you can earn tax-deferred interest on your deposits in an IRA - right up to the time you begin withdrawing funds.
Ready to get started?
What type of IRA is right for you and your retirement goals? Speak with an Account Services Officer today at 254-753-1521 to discuss your options.