Individual Retirement Accounts

It is never too early to start planning retirement. Individual Retirement Accounts (IRAs) are personal retirement savings plans. Individuals with earned income are eligible to open an IRA account. Interest earned on this account may be tax-deferred until withdrawn. Contributions may or may not be tax-deductible, depending on your individual circumstances. IRAs can be opened with an initial deposit of $100. Additional deposits of $25 or more can be made at any time. There are no annual fees.

You tell us what type of IRA you need and we will help design the investment plan that is right for you. Our available IRA plans include:

  • IRA Savings Accounts – Traditional and Roth
  • Variable Rate IRA
  • Fixed Rate IRA
  • Simple IRA
  • SEP IRA
  • Coverdell Education IRA

Perhaps you are ready for retirement and just want to get your retirement money close to home. We can assist you in completing necessary procedures to have your profit sharing, pension, or 401-K money directly rolled over to a Bank of Cadiz & Trust Co. IRA. You may want to transfer your IRA from another financial institution to us. We will gladly assist you in the necessary paperwork to facilitate a transfer. 

If you prefer to invest your IRA funds in something other than bank savings, we offer Self Directed IRAs. This account allows you to direct your investment into stocks, mutual funds, bonds and other assets.

For information or an appointment, please contact one of our IRA specialists listed below to see if any of these accounts are right for you.

Email us by clicking below or please call toll free 888.554.6066

Yvonne Clayton , Trust Officer
270.522.2151

Jennifer Knight , Assistant Trust Officer
270.522.0450

Matt Cothran , Financial Consultant
270.522.2150

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