Home  |  Find an ATM/Branch  |  About Us  |  Contact Us  |  Customer Service  | 

Search

Home > Investments Center > Personal Retirement Planning

Personal Retirement Planning

Planning for retirement is easier when you work with the right people. Our Financial Services Team will take the time to understand your situation and help you develop a customized retirement plan unique to your retirement needs. We’ll help you select the right mix of investment vehicles that will maximize the benefits of your plan. 

Some of our retirement plan options include:

Traditional IRAs
A Traditional IRA is a plan that may allow you to deduct your contribution from your taxes* and allows your funds to grow tax deferred. You are in control of your investments and mandatory withdrawals are required beginning at the age of 70 ½.

ROTH IRAs
A ROTH IRA is a plan that invests after-tax dollars and allows them to grow tax deferred. The main benefit of the ROTH is that it allows you to take qualifying withdrawals tax-free after the age 59 ½ if it has existed for at least five years. No mandatory distribution is required at any age.

Tax Deferred Annuities
If you have taken full advantage of the tax benefits of a traditional and/or ROTH IRAs, then tax-deferred annuities may be a good way for you to set aside additional savings to secure your financial future.

Rollover IRAs
If you recently changed jobs and have 401(k) balances in your previous employer’s plan, then it's a good idea to have those investments reviewed by our Financial Services Team. We can help you select the appropriate rollover option for your 401(k) and we’ll even fill out all the paperwork for you!

To learn more, please watch the online videos Retirement Basics and Retirement Income Planning.

*Consult a tax advisor

---

Investment and insurance products and services are offered through INFINEX INVESTMENTS, INC. Member FINRA/SIPC. B.O.C. Financial Services is a trade name of Bank of Canton. Infinex is not affiliated with the bank. Products and services made available through Infinex are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. These products are subject to investment risk, including the possible loss of value.