IRAs

What is an IRA?

IRAs, or Individual Retirement Accounts, were created by Congress as special savings accounts that may provide income tax advantages to individuals saving money for retirement. Consult with your tax advisor to help you choose a plan that fits your needs.

Farmers State bank offers several types of IRA accounts:

• Traditional IRA
• Education IRA
• SEP IRA
• SIMPLE IRA
• Roth IRA
• HSA

Contact us for more information about opening an IRA account.