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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
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