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IRAs & Retirement

Stockman Wealth Management can help with your personal and/or business retirement needs. 

Whether it's a simple fee review or an in-depth evaluation on a business qualified retirement plan to help your firm ensure that you're fulfilling your fiduciary duty outlined in the current ERISA guidelines, we are here to help.

Below is a basic overview of retirement account options that we offer through a non-affiliated qualified custodian. Please check the IRS website for specific information pertaining to your account type or check with your accountant for further details.

  • 401(k) or 403(b) offered by your employer
    A 401(k) is usually offered by a for-profit company, while teachers and other employees of certain nonprofits may be offered a 403(b) instead. They both allow employees to contribute a portion of their wages to individual accounts.

  • Solo 401(k)
    A sole proprietor can set up an individual 401(k) and make contributions as both the employee and employer.

    SEP stands for simplified employee pension, and this kind of account is used primarily by the self-employed or small business owner.

    A SIMPLE (Savings Incentive Match Plan for Employees) IRA is available to any small business (generally with 100 or fewer employees).

  • IRA
    An IRA is available to anyone saving for retirement, while providing certain tax advantages. Contributions may be fully or partially tax deductible, depending on your unique circumstances, and are allowed until the age of 70 1/2 . The earnings and/or gains are not taxed until the money is distributed. Required Minimum Distributions (RMDs) must be taken the year of turning 70 1/2.

  • Roth IRA
    With a Roth IRA, contributions are not tax deductible because they come from after-tax dollars and can be made after reaching the age of 70½. Distributions may be tax-free if you follow certain requirements, but there is no mandatory requirement once turning 70½. The amounts can remain in a Roth IRA as long as you live.

Contact Stockman Wealth Management to learn more!
Stockman Wealth Management is a federally Registered Investment Adviser. This website is solely for informational purposes and should not be viewed as advice or recommendations. Past performance is not a guarantee of future results. Stockman Wealth Management is an independent, wholly owned subsidiary of Stockman Financial Corp. and affiliate to Stockman Bank.
Not FDIC Insured, Not Bank Guaranteed, May Lose Value