Plan for Your Retirement
Mid-Missouri Bank can help you plan for your retirement
which may allow you to receive tax savings with our
selection of IRAs. Different types of IRAs will provide
different benefits and advantages so please consult with
a personal banker to determine which is right for you.
Determine what type of account matches you the best
Best if you want tax deferred earnings with immediate tax relief.
Simplified Employee Pension accounts are also available.
Best if you want tax-free earnings and withdrawals and since the Roth IRA is already taxed the principal amount is not subject to tax or penalties as long as you stay within the contribution guidelines.
Best if you want the ability to make tax-free withdrawals to pay for a child's higher education expenses.