Description:

• IRA's are a terrific way to start saving for your future, they can also offer customers tax advantages to set aside money for retirement.
  
  The Roth IRA is a nondeductible account that also allows tax-free earning power and withdraws on various distributions after a five- year holding period. To open a Roth IRA you must have earned income and your modified adjusted gross income cannot exceed certain limits. 
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  The Traditional IRA allows you to save on taxes now and have greater retirement income for the future. The Traditional IRA also allows married couples filing joint returns to establish their own IRA with a maximum contribution to each.
  
  The SEP IRA is an option for the self-employed. To be eligible for a SEP, you need not have employees but there are federal annual contribution limits, check with your accountant on your specific situation.
  
  Please call McCurtain County National bank at any location to receive additional information on our IRA's. They will be happy to answer any questions you have and give you the specific requirements with the current interest rates.