Proper management for your retirement distributions is perhaps the most crucial factor in securing your financial future.
There are several important tax implications and investment decisions to consider before receiving your 401(k)or other retirement plan distributions.
It pays to know your options.
For example: If you do not roll your distribution directly into an IRA or other tax qualified plan, your distribution could be subject to taxes and IRS penalties.
Management of your rollover plan can be done with either a Self-Directed Account or an Investment Management Account.
If you are comfortable making and monitoring your own investment decisions, our Self-Directed account may be best for you.
On the other hand, if you are not comfortable making your own investment decisions, or simply just do not have time to monitor your portfolio and market conditions, then our Investment Management Account (IMA) is for you. Your account will be managed and monitored under the watchful eye of our investment professionals.
Individual Retirement Account (IRA)
Whether you're saving for a child's education, your first home, or a more comfortable retirement, we'll help you get there. We offer the Roth IRA, the Coverdell Education Savings Account and the improved Traditional IRA.
You can open your IRA with as little as $100 and take advantage of deferred taxes on the growth of your account.
In addition, contributions may be tax deductible. And, for your convenience, you can make contributions any time, even through automatic transfers from your checking account.
To learn more about how the Trust Department at First Security Bank can benefit you and your heirs, contact one of our investment professionals today. We also would welcome the opportunity to help you improve your financial standing. Call us today!
Investments: Not a Deposit of the Bank, Not FDIC Insured, May Lose Value, No Bank Guarantee