Individual Retirement Account (IRA)
Liberty National Bank offers Traditional IRAs, Roth IRAs, Coverdell (Education) IRAs and Simplified Employee Pension Plans (SEP). Investment options include certificates of deposit and variable savings accounts.
- Traditional IRA – A Traditional IRA is a personal savings plan that offers tax benefits to encourage retirement savings. Learn more with our Traditional IRA calculator.
- Roth IRA – The Roth IRA is another type of personal savings plan, which offers tax benefits. Contributions to a Roth IRA are never tax deductible, but if certain conditions are met, distributions will be tax free. Learn more with our Roth IRA calculator.
- Coverdell IRA - A Coverdell education account is a trust or custodial account set up in the United States solely for paying qualified education expenses for the designated beneficiary of the account.
- SEP Plan -A SEP plan allows employers to contribute to traditional IRAs.
We offer a number of investment options. For complete details, stop in or call a convenient location near you.
Please consult with a tax or legal professional for guidance on tax implications related to IRA’s.