An Individual Retirement Account (IRA) is what many Americans utilize for the bulk of their retirement fund. It’s important to know how to manage your IRA account and taking advantage of what your bank can offer you. We spoke with Llewellyn Anderson, Brand Manager of our West Des Moines office who is super passionate about IRA’s!
Llewellyn and several employees every Friday in February, helped customers learn more about IRA’s, teaching them which type is best for them, tax benefits and how you can start building beyond a 401k. These sessions were used to inform the public about how different types of IRA’s can benefit you.
“The process is relatively easy, putting money into a CD, keeping it secure. I feel so passionate about it, it is a way to control your own future. Set something aside where you don’t have access to it, and really dedicate it to your retirement”, says Llewellyn.
Llewellyn describes an IRA as, “Look at it like a school bus taking kids to school. The bus is your IRA, kids are CD’s, bonds and stocks, and the school is your retirement.” With an IRA you are continually putting away while you work building up for retirement.
When asked why someone should choose Two Rivers for an IRA over another bank, “we aren’t going to charge you a maintenance fee. Many large financial institutions charge fees to make sure everything is set up correctly including tax forms. With Two Rivers, you get our expertise, and it only takes as little as a $100 deposit to open an account, and then just grow it from there through regular contributions. No fees or anything”, Llewellyn says.
Contact your local neighborhood Two Rivers Bank & Trust branch to discuss a which IRA works best for you! Talk to one of our team members to learn how you can keep more of your hard-earned money with Two Rivers!