Individual Retirement Accounts (IRA) can help you meet your financial goals by saving for retirement. Hometown Community Banks offers Traditional, Roth, Simplified Employee Pension (SEP), and Savings Incentive Match Plans for Employees (SIMPLE) IRAs. Please contact your Customer Service Representative for more information.
Traditional and Roth IRAs each offer unique tax advantages to help you expedite your retirement savings. Compare the difference below and consult a tax advisor to see what type of IRA is right for you and your family.
Traditional IRA
Roth IRA
SEP IRA
A Simplified Employee Pension (SEP) plan allows employers to contribute for their employees. A business of any size, including those self-employed, can establish a SEP.
SIMPLE IRA
A Savings Incentive Match Plans for Employees (SIMPLE) IRA plan is a type of tax-deferred employer-provided retirement plan.
*Subject to conditions.Consult a tax advisor. **Certain exceptions apply. Consult a tax advisor.