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Home > Personal Banking > Retirement Services > Traditional IRA
  • Traditional IRA

    A Traditional IRA at Central Bank is flexible, accessible and offers immediate tax benefits, with contributions and/or earnings tax-deferred until retirement.

    Act Now!

    Call us at 417.881.3100 for more information

    The Basics on Traditional IRAs:

    Can be opened and funded without any employer participation

    • Offer immediate tax benefits, with contributions and/or earnings tax-deferred until retirement
    • Provide accessibility, with funds always available
    • Withdrawals made prior to age 59½ may be subject to an additional 10% IRS penalty
    • Are flexible because there is not a minimum contribution requirement and you can choose your own investments and financial institution

    You Can Contribute:

    • If you are under age 70½
    • If you have earned income from employment
    • Up to a maximum of $5,500; individuals age 50 and over can contribute up to a maximum of $6,500

    Call or stop by any of our branches and speak to one of our Customer Service Representatives to find out which IRA is right for you.

     

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