AGRI-BUSINESS
Individual Retirement Account (IRA)

• Competitive interest above standard savings rates
• Traditional and Roth IRA options
• No setup fees
• No monthly or annual maintenance fees
• $6,000 contribution limit per year
• Additional $1,000 "catch-up" contribution allowed for ages 50+
• Funds can be used to purchase CDs within IRA
• Minimum deposit to open as low as $200
  • Money Market Savings: $200
  • Classic IRA CD: $500
  • Money Manager IRA: $5,000

Traditional IRA

Prepare to savor a time when life slows down and time passes faster than ever by making tax-deductible contributions to a retirement savings account.^1,3

Roth IRA

Make annual contributions to a Roth IRA and watch your money grow until you are ready to make qualified, tax-free withdrawals.^2,3

• Ideal for businesses of any size or self-employed individuals
• Gain the respect of your employees
  • Help employees reach their retirement savings goals
  • Employee always has complete ownership of all SEP IRA money
• Earn competitive interest on entire balance
• Contributions are tax deductible; your business pays no taxes on earnings
  • Contributions made only by the employer
  • Only self-employed may make contributions on their own behalf
• Little to no documents to file with government
• Inexpensive to set up and operate
• Flexible annual contributions – good plan if cash flow is unpredictable
• Can contribute up to 25% of each participant's annual compensation (earned income)
  • Or up to the maximum allowable limit for current plan year, whichever is less³
  • Must contribute equally for all employees
• Employee must first establish a Traditional IRA, in which the employer will deposit SEP contributions
• $200 minimum deposit to open