Individual Retirement Accounts (IRAs) Signature

They say life is a marathon, not a sprint. It might be time to slow down and look at the map. Where are you headed? Are you saving enough? Do you have a plan for retirement? At Signature Bank of Arkansas, we can help you set up a savings plan that works for your long-term goals. Through IRAs, you can earn interest and get possible tax advantages that make saving easier. Open one today to help build a better tomorrow.

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Summary

Set aside funds for retirement
Interest bearing account
Traditional and Roth IRAs available
Wide variety of savings instruments to choose from
Various available tax advantages
Penalty for early withdrawal

Consult your tax advisor to learn more about IRA Tax Advantages

Traditional v. Roth

Traditional IRA

Dividend earnings are tax deferred until withdrawal
Contributions may be tax deductible, (please consult your tax advisor)
Withdrawals can begin at age 59½
Early withdrawals subject to penalty*
Mandatory withdrawals begin at age 70½

Roth IRA

Dividend earnings are tax free
Contributions are NOT tax deductible
Principal can be withdrawn penalty-free
Withdrawals of earnings can begin at age 59½; early withdrawals subject to penalty*
No mandatory withdrawals

Consult your tax advisor to learn more about these retirement options.

*Certain exceptions apply. Non-penalized withdrawals include healthcare, purchasing first home, etc.