IRAs Individual Retirement Accounts allow you to
invest in your future or that of a loved one. Stockman Bank offers
three plans: Traditional, Roth and Educational.
Traditional IRA The Traditional IRA allows you to defer taxes on your
earnings until they are withdrawn. Certain contributions are tax deductible
in the tax year for which they are made.
Competitive interest rate
$100 minimum deposit
Deposit additional funds anytime (up
to the annual limit allowed by law)
Click HERE to connect to the IRS website for complete information on retirement accounts
Roth IRA The Roth IRA is a nondeductible account that features
tax-free withdrawals for certain distribution reasons after an initial holding
period. Since Roth IRA contributions are nondeductible and taxed in the year
they are earned, people who expect to be in a higher tax bracket when they retire
may benefit more from these accounts than from a traditional IRA.
Competitive interest rate
$100 minimum deposit
Deposit additional funds anytime (up
to the annual limit allowed by law)
Click HERE to connect to the IRS website for complete information on retirement accounts
Coverdell Education Savings Account (Education IRA) The Coverdell Education Savings Account is a nondeductible account that features tax-free withdrawals for a very specific reason, a child's higher education expenses. Qualified higher-education distributions from a Coverdell Education Savings Account are penalty-free and tax-free.
Competitive interest rate
$100 minimum deposit
Deposit additional funds anytime (up
to the annual limit allowed by law)
Click HERE to connect to the IRS website for complete information on retirement accounts
