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IRAs – Individual Retirement Accounts

Saving money for your retirement is the most important way you can prepare for a secure financial future.  Let F&M Bank help you choose the right IRA for your golden years. Contributions may lower your current tax bill, and you may be able to earn a higher interest rate than with a non-retirement account.

Features common to all F&M Bank IRA Accounts:

F&M Online Retirement Calculators

Traditional IRA

With a Traditional IRA, you can benefit from possible tax-deductible contributions and earnings that grow tax deferred.

More information about Traditional IRAs.

More information about Traditional IRAs: Understanding Required Distributions at 70 ½

Roth IRA

A Roth IRA may be appropriate for investors with growing earning potential who expect the same or higher tax rate in retirement.

More information about Roth IRAs

Rollover IRA

If you're leaving a job, retiring or have money left in a former employer's retirement plan, you may want to consider rolling over your plan account balance to an F&M Bank IRA.

SEP – Simplified Employee Pension

Self-employed individuals and small business owners can contribute to a retirement plan with higher contribution limits than other types of IRAs.

IRA Plus

This unique TIERED IRA makes it easy to start small and work your way up to significant retirement savings. As an example, with every paycheck, you can choose to make an automatic transfer of a modest amount directly into your IRA Plus account.

*Consult with a qualified financial adviser for tax advice regarding IRAs.