Planning for
your retirement years become easier when you have a Georgia Trust
Bank Individual Retirement Account. An IRA can
provide supplemental income in addition to other pension plans
or social security income, and we offer both Traditional and Roth
IRAs for your consideration.
- A Traditional IRA is funded with pre-tax dollars and allows
eligible savers to withdraw your contributions throughout your
income-producing years. When you begin to withdraw funds from
your Traditional IRA, you will be taxed at the then-prevailing
rate for your income level.
- A Roth IRA is funded with after-tax dollars but grows, and
is distributed, tax-free. There is no age requirement at which
time you must begin making withdrawals from a Roth IRA so it
is possible that it could pass to your heirs tax-free as well.
There are
income limitations and other eligibility requirements to enjoy
the benefits of an Individual Retirement Account. Please
visit with your tax advisor and talk with us to establish a savings
plan for your golden years.
EDUCATION IRA
Georgia Trust Bank also offers an Education IRA, allowing parents
or grandparents to set aside funds for a child's college education.
Please talk with us today if an Education IRA would be a good fit
for your college financial planning goals. |
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