Individual Retirement Account

 Traditional, Roth, SEP or SIMPLE Individual Retirement Accounts 

Transfer or consolidate your IRAs at First State Bank, where it’s easy to do business.
We can handle your Required Minimum Distributions with ease. 

Call for current Rates. 

•No Annual Fees •Compounds Semiannually •$100 Minimum Deposit •Variable Rate tied to the First State Bank 36 month Certificate of Deposit Rate •Adjusted Quarterly January 15, April 15, July 15 and October 15 •FDIC Insured •Withdrawal fee if under age 591/2

  • Traditional IRA – designed for people who want to save tax – deferred dollars and have their annual contributions tax-deductible.
  • Roth IRA – contributions to this IRA are not tax-deductible, withdrawals from account (after a five-year minimum) are tax-FREE!
  • Coverdell Education Savings Account (CESA)- allows a family to contribute up to $2,000 every year for each child until age 19 toward a college fund on a nondeductible basis. Earnings grow tax-free and withdrawals for education expenses are tax-FREE.
  • Self-directed IRA – Can be a traditional or Roth IRA that allows for investments, other than time deposits and savings type investments. Some self-directed IRA investment choices may not be FDIC insured.
    • For instance, a self-directed IRA owner can choose & invest his/her IRA assests in stocks, bonds, mutual funds, or other marketable securities. In most cases, a self-directed IRA owner will select his/her own investments and assume responsibility for all of those investment choices and risks. Besides the difference in investment choices all other IRA rates and regulations are the same for self-directed IRA’s

Financial Advisor

will johnston
Will Johnston

Financial Advisor*
505 Second Street
Webster City, IA 50595
515-832-2520
johnstonw@ceteranetworks.com

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