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Planning
for your retirement is easy with a Home State Bank Individual
Retirement Account. An IRA promises an income that will be
available in addition to government (Social Security) or employer's
pensions. If you have W-2 wages, you may establish an IRA
with us for as little as $50. Because we offer a wide variety
of IRA certificates of deposit with maturities to suit your
individual needs, saving for your "golden years"
is easy and affordable. Your Home State Bank IRA offers the
benefit of tax-deferred interest earnings. IRA's are insured
separately from other bank deposits up to $250,000 through
the FDIC and a substantial interest penalty applies to an
early withdrawal.
A Simplified
Employee Pension (SEP) plan is an IRA funded by an employer
to provide a tax benefit for the business in addition to
retirement benefits for the employees. We offer the same
variety of certificates of deposit for our SEPs as we do
for our IRA's. SEPs and regular IRA's are jointly insured
through the FDIC up to $250,000.
Deposits Insured
by the FDIC
If investments
other than certificates of deposit suit your retirement
needs, our Trust Department offers Self-Directed IRA's.
For more information, please contact a Trust Officer.
Our IRA consultants
are ready to answer your IRA and SEP questions and to help
you establish a retirement plan that is right for you. Call
or stop in and see us today.
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