Kit Carson State Bank
 
Coverdell Education IRA
IRA Account
Roth IRA Account
SEP
Simple IRA Deposits

Individual Retirement Accounts

Coverdell Education IRA

An interest bearing long term savings plan for higher education expenses.

  • You must deposit at least $25.00 to open an Education Account.
  • Deposits and interest are not taxed at time of distribution.
  • Account can be withdrawn for qualified higher education expenses.
  • Interest compounded semi-annually.

Traditional IRA

An interest bearing, long term retirement plan account.

  • You must deposit at least $100.00 to open an IRA Account.
  • Deposits are tax deductible up to the maximum allowed by the IRS.
  • Must begin required minimum distributions at age 70 1/2.
  • Interest is compounded semi-annually.

Roth IRA

An interest bearing, long term retirement plan account.

  • You must deposit at least $100.00 to open an IRA Account.
  • Deposits and interest are not taxed at time of distribution.
  • No minimum distribution requirements at age of 70 1/2.
  • Interest is compounded semi-annually.

SEP and Simple IRA Deposits

We also offer Self Employed and Simple IRA deposit retirement plans.For further details, please click on any of the following:

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