logo Traditional IRA

Open a State Bank of Southern Utah IRA to earn tax deferred interest. Contributions are generally tax deductible. Certain limits to deductibility apply if you or your spouse are covered by a retirement plan at work. Consult a tax advisor. Penalty-free withdrawals begin at age 59 ½. Withdrawals must start by age 70 ½ to avoid substantial IRS penalties. Talk to your New Accounts representative for details. FDIC insured to $250K per owner per institution.

logo ROTH IRA

This is the most exciting investment vehicle to come along in decades. Contribute after-tax dollars into your Roth IRA for as long as you have earned income. Minimum distributions are not required. Leave your money at least 5 years and be at least 59 ½ to make tax and penalty free withdrawals. Talk to your New Accounts representative for details. FDIC insured up to $250K per owner per institution.