Whether you're just beginning to plan for retirement or you're just planning to retire, Farmers & Merchants State Bank provides numerous lRA options. Our lRAs can help reduce the cost of savings for retirement by allowing taxpayers to defer income taxes. Terms may vary from as little as seven (7) days to as long as five (5) years.
Interest paid annually or at maturity
Traditional and Roth lRA available
Coverdell Education Account available
All Individual Retirement Accounts (IRAs) may have penalties for early withdrawals. Maximum annual contribution regulated by law.
(Please consult your tax advisor for additional information regarding taxes.)