Retirement Accounts

Saving for Retirement the Apple Way!

Apple Bank offers a full range of FDIC-protected Retirement Savings Plans to help you realize your dream of a secure financial future. At Apple Bank, we believe fixed income investments should be a part of almost everyone’s retirement portfolio. With the help of an Apple representative, choose the right investments that will let you build a comfortable retirement – safely and steadily:

Traditional IRA Plan

Contributions may be tax-deductible
Tax-deferred earnings
Earnings and deductible contributions are taxed at the time of withdrawal
Minimum withdrawals are required beginning at age 70½
Annual contribution limits increase each year over the next several years

Roth IRA Plan

Contributions are non-deductible (eligibility is subject to adjusted gross income limitations)
Tax-free earnings (if certain rules are met upon distribution)
No minimum withdrawals required, at any time
Contributions may be made at any age (if eligible)
Annual contribution limits increase each year over the next several years

SEP-IRA Plan

Contributions are tax-deductible for employers and tax-deferred for employees
You choose the amount of contributions (subject to IRS Rules and Regulations)

Qualified Retirement Plan QRP (formerly Keogh)

Contributions and earnings are tax-deductible for employers and tax-deferred for employees
You choose the amount of contributions (subject to IRS Rules and Regulations)
Choose a profit sharing plan, a money purchase plan, or both to maximize your flexibility