Individual Retirement Accounts (IRA)

Southwest National Bank’s Trust & Wealth Management team offers a wide range of investment opportunities for your Traditional or Roth IRA funds. Our team of experienced professionals can help you choose the right investments for your needs and goals, and our self-directed options give you the freedom to manage your own portfolio. With a wide range of growth and risk characteristics, different terms, and different rates of interest, we have the perfect solution for you. Contact us today to learn more about how we can help you grow your retirement savings. 

  • Traditional IRA

    If you’re looking for a retirement savings option that offers tax-deferred growth, look no further than a traditional IRA. Anyone who earns compensation can open an IRA and make contributions without paying taxes on the earnings until you reach retirement age. That means more money in your pocket now, and more money to enjoy during your golden years.

    With a Southwest National Bank traditional IRA account, you can even take advantage of employer-sponsored programs like a 401(k) by directing “eligible rollover distributions” into your Southwest National Bank IRA account. This way, you can plan for a comfortable retirement on your own terms.

    Whether you’re just starting to save for retirement or you’re looking to beef up your existing nest egg, our team of experts can help you understand the deductibility rules and make the best choices for your future.

    • Contributions are made pre-tax
    • Contributions may be tax deductible
    • Earnings are tax deferred until withdrawn
  • Roth IRA

    When it comes to saving for retirement, there are a lot of options out there. But if you’re looking for an account that offers tax-free and penalty-free withdrawals, a Roth IRA from Southwest National Bank is a great choice.

    With a Roth IRA, your contributions are made with after-tax dollars. That means you won’t get a tax deduction when your contribution is made, but at retirement your withdrawals are completely tax-free. Once at retirement, as long as you’ve had the account for at least five years, you can withdraw your money without having to pay any taxes or penalties.

    Plus, with a Roth IRA from Southwest National Bank, you’ll get the same great interest rates and service that our customers have come to expect from us. So why wait? Open a Roth IRA today and start planning for your retirement tomorrow.

    • Contributions are made after-tax
    • Contributions are not tax deductible
    • Contributions can be made at any age
    • Withdrawals made after age 59½ are tax and penalty free, unless the account is less than five years old

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Please note: These products are not FDIC insured, are not deposits, obligations of or guaranteed by Southwest National Bank and involve risk including possible loss of principal amount invested.

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