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TrustBank Retirement/Education Plans Personal


TrustBank offers a variety of retirement and education plans.

A FDIC-insured Individual Retirement Account (IRA) or Coverdell Education Savings Account (CESA) can help your money work harder as you plan for a secure future.

 
Click the links at the bottom to learn more about TrustBank's IRA solutions.  

IRA Maximum Annual Contribution

Regular Contribution Elegibility Requirements
Traditional IRA Roth IRA

Compensation

Younger than age 70 1/2 all year

Compensation

Limited by MAGI


Regular IRA Contributions
Tax Year Standard Combined
IRA Contribution Limit 		Catch-Up Amount
(Ages 50+) 		Total Combined IRA
2011 $5,000
(or 100% of compensation if smaller) 		$1,000 $6,000
(or 100% of compensation if smaller)
2012 $5,000
(or 100% of compensation if smaller) 		$1,000 $6,000
(or 100% of compensation if smaller)
Contribution Deadline: Income tax return filing due date, not including extensions

Simplified Employee Pension (SEP) IRA
The maximum annual employer contribution is 25% of compensation or $49,000, whichever is less.

Coverdell Education Savings Account (ESA)
The annual contribution limit is $2,000 per student.

arrow Traditional IRA
arrow Roth IRA
arrow Coverdell Education Savings Account
arrow Self-Directed IRA

Also...

arrow Want to learn more about Rollovers and Transfers? Click here!
arrow Click here for a list of retirement calculators!
arrow View current interest rates
arrow Information on FDIC Insurance


Retirement/Education Plans | Traditional IRA | Roth IRA
Coverdell Education Savings Account | Self-Directed IRAs
Rollovers and Transfers

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Legal Terms and Conditions | Fees | Copyright © 2011 TrustBank™. All Rights Reserved.
Privacy Statement | Customer ID Program | TrustBank™ is a Trademark of Rich Land
Bancorp, Inc. and is registered in the States of Illinois #084194 and
Arizona #50890. NMLS# 462232

NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE
COVERAGE FOR TRANSACTION ACCOUNTS

All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.

The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts ("IOLTAs"). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts and money-market deposit accounts.

For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.