Searching for a way to save cash today and for the future?
Establish an individual retirement account (IRA) with Texas State Bank and take advantage of tax deduction contributions, tax-free* earnings, and many other benefits while saving for your future.
Why Texas State Bank?
- No annual fee
- Knowledgeable representatives who can answer your basic questions
- Member FDIC
- No market fluctuation
- Competitive rates
Texas State Bank offers all types of IRAs. They either give tax deductions or provide tax-free earnings.* Let us help you answer questions about which one is right for your situation.
Traditional IRA
The traditional IRA is an account which allows you to defer taxes on your earnings until they are withdrawn*. Also, certain contributions are tax deductible in the tax year for which they are made.
Roth IRA
The Roth IRA is a nondeductible account that features tax-free withdrawals for certain distribution reasons after a five-year holding period. Since Roth IRA contributions are nondeductible and taxed in the year they are earned, people who expect to be in a higher tax bracket when they retire may benefit more from this account than from a traditional IRA.
Frequently Asked Questions
*This information should not be construed as offering tax-free advice. Consult your tax advisor or legal counsel for information concerning your particular situation.