Simplified Employment Pension IRA

Qualified individuals receive higher contribution limits

A Simplified Employee Pension, or SEP, IRA is designed for the self-employed or small business owner.

Contributions:

  • May be treated as a tax credit, reducing your adjusted gross income and saving you tax
  • Could be made by employer up to 25% of an employee's total income
  • $46,000 maximum per year

Withdrawals:

  • Tax-deferred until withdrawals begin
  • Distribution is required at age 70 1/2 or at retirement *
    *Ask your banker or accountant about any requirement changes for 2011!

Nice to Know: Individuals qualifying for a SEP IRA are also allowed to contribute to a regular IRA.

MONEY MARKET
Put your money to work for you. Our money market account earns interest on your money while making it available to you via checks and CheckCards. Find out whether a money market account makes sense for you!

CENTURY CLUB
Enjoy features and services reserved for customers who want the most from their bank!

 



                                                                                                               Member FDIC