Retirement services

PLAN FOR A FUTURE OF GREATER FINANCIAL SECURITY WITH IRA OPTIONS TAILORED TO FIT YOUR LIFESTYLE. 

Produce State Bank can help you navigate the road toward retirement with Individual Retirement Accounts* (IRAs) that offer different tax advantages. Create an investment strategy that enables you to reach your financial goals so you can enjoy your retirement years. 

Traditional IRA

• Earnings grow tax-deferred until you withdraw your funds at age 59 1/2
• Choose from many of our Certificates of Deposits to begin investing in your IRA
• Contributions may be tax-deductible (consult your tax advisor) 
• You can transfer money from other IRAs into a Produce State Bank Traditional IRA

Roth IRA

• Contribute after-tax dollars and enjoy tax-free earnings when you withdraw after age 59 1/2 and after you’ve held the account for at least five years
• Choose from many of our Certificates of Deposits to being investing in your IRA
• You can transfer money from other IRAs into a Produce State Bank Roth IRA

*You must be under age 70 1/2 to open and contribute to an IRA. Contributions may be deductible or non-deductible from income tax based upon income levels and your participation in an employer sponsored retirement plan. Earnings on IRA contributions are tax deferred until time of withdrawal. The maximum annual contribution to all IRAs cannot exceed $7,000.