Retirement Planning for Individuals

Are you prepared for retirement? Do you have a plan?

We offer comprehensive retirement planning services for individuals. An Individual Retirement Account can be a key component of a retirement plan and provides many tax advantages. IRAs are tax-deferred, until you decide to withdraw the funds.

If you are not participating in an employer's retirement plan, then we can help set up your IRA account so you can make contributions on your own.

When it is time to withdraw your hard-earned retirement savings, we can help you meet your required minimum distributions.

Individual Retirement Accounts

There are several types of Individual Retirement Accounts, with different features and tax consequences. We can help you decide which is best for you.

  • Traditional IRA
    • Contributions may be tax-deductible.
    • Earnings grow tax-deferred.
    • Withdrawals are taxable.
  • Roth IRA
    • Contributions are not tax-deductible.
    • Investments grow tax-free.*
    • Withdrawals up to the amount of contributions can be made anytime, tax-free.
    • Appreciation is not taxed at the time of distribution after the age of 59½.* 
  • Rollover IRA
    • Contributions to a rollover IRA are made from a qualified plan.
    • Distributions from qualified plans must be deposited in a rollover IRA within 60 days to avoid penalties.
  • Self-Directed IRA
    • Assets can include nonfinancial investments for retirement planning.
    • A qualified trustee or custodian must have custody of the assets.

*Roth IRA owners must be 59½ or older and have held the IRA for five years before tax-free withdrawals are permitted. Investing involves risk including the possible loss of principal.

 

Check the background of our investment professionals on FINRA's BrokerCheck.
Securities offered through Raymond James Financial Services, Inc., Member FINRA/SIPC, and are not insured by bank insurance, the FDIC or any other government agency, are not deposits or obligations of the bank, are not guaranteed by the bank, and are subject to risks, including the possible loss of principal. Citizens National Bank and Citizens National Bank Wealth Management are not registered broker/dealers and are independent of Raymond James Financial Services. Investment advisory services are offered through Raymond James Financial Services Advisors, Inc. Raymond James financial advisors may only conduct business with residents of the states and/or jurisdictions for which they are properly registered. Therefore, a response to a request for information may be delayed. Please note that not all of the investments and services mentioned are available in every state. Investors outside of the United States are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this site. Contact your local Raymond James office for information and availability. Links are being provided for information purposes only. Raymond James is not affiliated with and does not endorse, authorize or sponsor any of the listed websites or their respective sponsors. Raymond James Is not responsible for the content of any website or the collection or use of information regarding any website’s users and/or members. Privacy Policy

 


Securities are not insured by bank insurance, the FDIC or any other government agency, are not deposits or obligations of the bank, are not guaranteed by the bank, and are subject to risks, including the possible loss of principal. Citizens National Bank is not a tax expert or CPA. Consult a tax expert or CPA.