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PANORA STATE BANK RETIREMENT
ACCOUNTS
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Brief descriptions of the two different IRAs Available
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Traditional IRA: The Traditional IRA generally
results in a current tax deduction for contributions to the IRA and
the annual income generated within the IRA is not taxed until the funds
are withdrawn by the account owner.
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| Roth IRA: The Roth
IRA contributions do not produce a current tax deduction but annual
income within the IRA may be free from Federal Income Tax until the
individual withdraws money from the account.
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Please feel free to come in or contact us to
talk about which of these accounts would best suit your personal
financial situation. We will do our
very best to help determine which of these retirement accounts would
best serve your needs.
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