PremierBank | IRAs

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PremierBank IRAs

We're here to help you discover how Individual Retirement Accounts (IRAs) fit into your overall asset management approach. These long-term investment accounts can be an effective way to help you save for retirement with tax-deferred or tax-free growth, making them a vital part of your overall financial plan. Whether you're looking to set an IRA up for yourself, or you're a small business owner looking to help your employees save, we're just down the street, ready to help you get planning.

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The PremierBank Difference

  • Our wealth management professionals have a combined 100 years of experience.
  • We are locally owned and managed with nine locations in Fort Atkinson, Janesville, Jefferson, Johnson Creek, Sullivan and Whitewater.
  • You'll have a dedicated person serving you who will be available to answer all your questions, big or small.
  • We are not commission based, meaning the wellbeing of you, our client is at the center of everything we do.

Let's Discover The IRA That's Right For You

IRA's can be a good way for you to save for retirement. PremierBank offers five IRA options to suit the wealth management needs of all our clients.

Traditional

A tax-deferred retirement account that allows your dividends, interest payments and capital gains to compound without being hindered by taxes.

Tax Implications

Taxes are paid only when you make withdrawals in retirement.

Contribution Limits

$6,000 annually for people under 50. Full amount can be contributed each year, but it may be fully or only partially deductible based on your income.

Catch-up Provisions

$1,000 additional for people 50 and older for a total of $7,000 annually.

Roth

Contributions are made with money you have already paid taxes on.

Tax Implications

Because taxes have already been paid, withdrawals are tax-free.

Contribution Limits

$6,000 annually for people under 50.

Catch-up Provisions

$1,000 additional for people 50 and older for a total of $7,000 annually.

Rollover

A Traditional or Roth IRA for money that is transferred from an employer-sponsored plan, like a 401(k) or 403(b).

Tax Implications

Taxes are paid only when you make withdrawals from Traditional Rollover IRAs. Withdrawals from Roth Rollover IRAs would be tax-free. 

Contribution Limits

N/A

Catch-up Provisions

N/A

SEP (Simplified Employee Pension)

A Traditional IRA for self-employed individuals or small business owners with one or more employees. Tax-deductible contributions are made by the employer, not the employee.

Tax Implications

Taxes are paid only when you make withdrawals in retirement.

Contribution Limits

Employers can contribute 20% of their net income, not to exceed $55,000. Contributions cannot exceed the lesser of: 25% of compensation or $56,000 (for 2019).

Catch-up Provisions

N/A

SIMPLE (Savings Incentive Match Plan for Employees)

For businesses with 100 employees or fewer, this IRA allows employees and employers to make tax-deductible contributions. Employers can choose to match employee contributions or contribute a fixed percentage of the employee's wages.

Tax Implications

Taxes are paid only when you make withdrawals in retirement.

Contribution Limits

$13,000 from salary

Catch-up Provisions

$3,000 for 50 and older

Check out our IRA Quick Glance Comparison Guide.

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Get Started With An IRA From PremierBank

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Contact Us

Give us a call for immediate assistance, or fill out the contact form below.

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We'll Connect

Within one-business day, one of our wealth management professionals will be in touch.

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Discovery Meeting

We'll meet, one-on-one to discuss your vision for the future and develop a plan to help you achieve it.

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Follow Up

If you have any questions, we'll be Here. For you. Always.

Family discussing investment strategy with a PremierBank wealth management professional

Get More From PremierBank Wealth Management Professionals

IRAs are just one part of an overall investment strategy. If you're looking for assistance with your broader investment portfolio, or just want to learn more, we're here to help. We look forward to working with you, one-on-one, to help you achieve your dreams for the future.

Discover More About Wealth Management

Contact The PremierBank Wealth Management Team

Give us a call for immediate service. If you fill out the contact form with details about what you're interested in, the right wealth management professional will contact you within one business day.

(920) 563-6616 ext. 3070

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You should always consult with your tax advisor before making any decisions. Not FDIC insured, not insured by any government agency, no bank guarantee, may lose value.

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