Individual Retirement Account (IRA)
Individual Retirement Accounts (IRAs) offer employers and employees significant tax advantages. With an IRA from MBT, you’ll get the performance you want with the local, personalized expertise you need to plan for retirement with confidence.
Variety of plans offered:
Traditional IRA - contribute to your tax-deferred account to grow your retirement reserves.
IRA Rollover - Consolidate your retirement assets under MBT's expert management.
Simplified Employee Pension IRA (SEP) –Employer makes uniform contributions to each eligible employee, providing employers flexibility for changing business conditions.
Roth IRA -Contributions are made after-tax, so future withdrawals need not be declared as income and not subject to premature distribution penalties.
Simple IRA - Each employee has a separate IRA and makes elective deferrals matched by the employer.
The information above is not intended nor should it be used as a substitute for the advice of an attorney, estate or tax planner, whose advice should be sought to review your personal circumstances and goals.