Individual Retirement Accounts

One of the most important steps toward a more secure future is properly planning and saving toward your future retirement.  Is your nest egg ready?  If not, we can help with a variety of retirement account options!


The Missouri Bank offers the following IRAs to fit your financial needs and goals:

  • Traditional – The traditional IRA allows you to defer taxes on the earnings on your contributions until they are withdrawn. Also, depending on eligibility, contributions are tax deductible in the tax year for which you make them.
  • Roth – The Roth IRA gives retirement savers a different incentive – nontaxable distributions. Regular Roth IRA contributions are not tax deductible, so owners will not pay federal taxes on distributions of these contributions. Under certain conditions, the earnings on Roth IRA contributions are also nontaxable when distributed. Therefore, if you expect to be in a higher tax bracket when you take distributions in retirement, for this and other reasons, you may benefit more from a Roth IRA than from a traditional IRA.

For more information about the difference between a Traditional IRA and a Roth IRA download our brochure "Which IRA is Right for You?"

  • SEP – The SEP IRA is a Simplified Employee Pension Plan that helps self employed individuals and small-business owners get access to a tax-deferred benefit when saving for retirement.

For more information about the above accounts and taking the right steps to help you succeed in reaching your financial retirement goals, please contact a Customer Service Representative today. 

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