Take your retirement savings to the next level with the wealth management services offered through Stock Yards Bank & Trust. We have broad experience as a trustee of corporate retirement plans, and can put that expertise to work for you in your Individual Retirement Account. Our wealth advisors will meet with you, one-on-one, and help you evaluate your personal financial situation. As a result, you will receive a strategic investment plan custom designed to match your lifestyle and goals.
If you are retiring or changing jobs, don’t leave your 401(k) or pension behind. Let us show you how easy it is to transfer your retirement dollars into a Rollover IRA and keep those funds tax sheltered and growing towards retirement. Then, when you are ready to turn that lifetime accumulation of funds into a source of income, we will work with you to properly structure your investments to provide regular distributions.
IRA limits are higher than ever before and a Traditional IRA is the perfect way to take advantage of this. Workers age 50 and older can make “catch-up” contributions to help accelerate investment growth. And remember, your contribution may be tax-deductible. But even if you don’t qualify, your IRA interest remains tax-deferred until withdrawn.
Now Roth IRAs have higher limits too and new opportunities for conversions from Traditional IRAs. Roth contributions are not tax-deductible, but your earnings grow tax-deferred. After five years, you may qualify for tax-free withdrawals on qualified distributions. Also, you can always get back your principal tax-free and IRS penalty-free for any reason. Unlike a Traditional IRA, a Roth IRA allows contributions after age 70 1/2 for working individuals with no mandatory distribution requirement.
For more information on services offered through our Wealth Management Group, call us:
Louisville / Southern Indiana
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