Individual Retirement Account

Secure Your Future With An Individual Retirement Account

Is an IRA Right For You? Take our  One-Minute IRA Test and find out. Then call one of our customer service representatives today at 417.862.5036.

Trust is hard to come by, especially when it’s time to place your financial future in the hands of experts. That is why Systematic Savings is dedicated to providing you with honest service and the best options for your investments. Whether you are saving for retirement or padding Junior’s college fund, you can invest confidently with Systematic Savings.

Traditional IRA

If you’re looking to invest outside of your career, a traditional IRA may be right for you. This flexible, accessible investment option offers immediate tax benefits while your contributions or earnings remain tax-deferred until retirement.

Here is what to expect when investing in your Traditional IRA

  • Open and funded without employer participation
  • Funds are readily available
  • Any withdrawals made prior to age 59 ½ may be subject to a 10% IRS penalty
  • $100 minimum contribution requirement
  • Freedom to choose your own investments and financial institution

You can contribute to your Traditional IRA if:

  • You are under the age of 70 ½
  • You have earned income from employment
  • You invest up to a maximum of $5,500 ($11,000 for couples)
  • Individuals age 50 and older can contribute a maximum of $6,500

Call or stop by one of our branches today to speak to a Customer Service Representative to find out how we can help you determine which IRA is right for you.

Roth IRA

There are more similarities than differences between a Traditional and a Roth IRA. A Roth IRA is another excellent option for investing outside of your career and employs different tax treatments than the Traditional IRA.

Here is what to expect when investing in your Roth IRA

  • Open and funded without employer participation
  • No age limit on making contributions
  • Allows you to invest after-tax dollars
  • Investment grows tax-deferred
  • Allows qualified, tax-free withdrawals

You can contribute to your Roth IRA if:

  • You have earned income from employment
  • An individual invests up to $5,500 if adjusted modified income is less than $118,000
  • A couple invests up to $11,000 if adjusted modified is less than $186,000

Investment transfers are possible from a Traditional IRA to a Roth IRA if certain requirements are met. Consult your tax advisor to see if a Traditional or Roth IRA is right for you.

Terms to choose from:

  •   9 month
  • 18 month
  • 36 month
  • 60 month

In certain circumstances, withdrawal of your funds before the term expires will result in a penalty which could reduce your principal.

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