Denton - Downtown
Denton - Loop 288
Denton - Rayzor Ranch
Denton - South
Gainesville - Hwy 82
Gainesville - Main
Allow Us to Help You Plan for Retirement
At First State Bank, we believe it’s never too early to start planning for retirement. That’s why we conveniently offer our customers different Individual Retirement Accounts options (i.e., IRAs) that are sure to suit their retirement-planning needs. That’s where we come in.
We can assist you with the establishment of a Traditional IRA and Roth IRA. We can also assist you with a rollover from your existing 401k or other retirement plan. Stop by the First State Bank location nearest you, and let’s discuss how we can meet your investment goals! You may also request more information by clicking the button below.
There’s only a $300 deposit required to open a Individual Retirement Account.
Also known as tax-deferred IRAs, Traditional IRAs are some of the most common retirement-savings accounts out there. They may provide tax breaks upfront by allowing contributions to be tax deductible. Withdrawals are reported to the Internal Revenue Service as taxable income.
The Roth IRA allows only nondeductible contributions and features tax-free withdrawals for certain distribution reasons after a five-year holding period.
To learn more about contribution limits, distributions, investment options and other IRA specifics, we encourage you to call or visit the nearest First State Bank branch for more information. We will gladly give you all the information you need to know and help you choose the appropriate IRA option that best suits your needs and investment plans.
If you like the convenience of doing everything online from the comfort of your home or office, this option is for you. Opening an account with us online is a pretty straightforward process, but we will happily help you out if you need any assistance. Just contact the branch nearest you and we will make sure you get everything set up smoothly.
If you prefer to talk to a person, our friendly and experienced bankers are ready to assist! Contact your local banker and they will gladly walk you through the process.