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Legacy Bank & Trust > Retirement Accounts

We’re here to help you safeguard your golden years against financial worry.

Traditional IRA

Build a secure, tax-free retirement fund you can plan against with a traditional IRA. With a traditional IRA, the contributions you deposit are made on a pre-tax basis and are determined by your age, income, and tax filing status.

Tax Deferred Investment Earnings

The additional earnings you accrue in your IRA grow tax deferred until you withdraw funds.

Tax-Deductible Contributions*

*Depending on your filing status, modified adjusted gross income, and participation in employee-sponsored plans.

Open to Customers 70 ½ or Younger

A traditional IRA may be opened by anyone who is not 70 ½ years old by the end of the current year with taxable earnings or a spouse with earned income.

Accommodates Transferable Assets

When you change jobs or retire, you can transfer your retirement assets into this IRA.

Eligibility is Maintained with 401(k) Assets

You are generally eligible for a Roth IRA if you still maintain 401(k) plan assets with a former employer.

No Age Restrictions

There are no restrictions based on age for applying for a Roth IRA, but eligibility restrictions based on income may apply.

Roth IRA

No matter what career changes happen in your life between now and retirement, a Roth IRA will grow just the same. With a Roth IRA, the contributions you deposit are made on an after-tax basis but your earnings are tax-free if you meet certain parameters.

SEP IRA

Perfect for small business owners, Simplified Employee Pension (SEP) IRAs provide sought-after, tax-deductible retirement benefits for business owners and their employees.

Accommodates Transferable Assets

When you or your employees change jobs or retire, retirement assets can be transferred into this IRA.

Ready to give your retirement a foundation to build on?

A friendly and knowledgeable Legacy Bank and Trust representative can help you learn more about our investment account options so you can make the best choice for your needs.