Meet the newest members of the Guaranty team
Jessica Barnes recently joined The Guaranty staff and will be working in Burr Oak as a Customer Service Representative. She lives in Burr Oak with her boyfriend, Greg, and they have a five year old daughter, Brynlee. Jessica has previously worked in food service, and also has experience as a receptionist and a Vet Tech. She enjoys working with the public and is excited to learn new things. In her free time Jessica enjoys playing board games, the Nintendo Wii, and riding the four-wheeler with her daughter. She is very appreciative of everyone who has made her feel welcome at The Guaranty.
Isabella Meier, who has interned in the Beloit office for the previous two summers, was hired full-time as an Administrative Assistant at the beginning of this year. She received her Bachelor’s Degree in Business Administration with an emphasis in Finance from Kansas State University in December 2015. In her free time she enjoys helping coach a 14 and under HOA volleyball team and spending time with her family and friends. Isabella is very excited to be able to return to her hometown and begin her career.
Riley Sholtz is a new face in the Smith Center office. He will be working as a Loan Officer trainee. Riley attended Rock Hills High School and graduated from Fort Hays State University with a Bachelor of Science in Ag Business. He is married to Kylene Cosand, Mankato, who is a speech pathologist. Riley and his wife reside in Red Cloud, Nebraska. In his spare time he enjoys playing sports, especially golf, hunting, working on the family farm, and spending time with friends and family.
Travis Ray from the Beloit office will now be working in our Smith Center location. He is excited to work with customers in the Smith Center area. Travis will be working with loans, farm management services and appraisals.
Valentine's day giveaway
Since we LOVE our customers, we want to spread that love and give away a box of Russell Stover fine chocolates to a lucky customer from each location. Starting Monday, February 1st, sign up on our Facebook page, Guaranty State Bank & Trust Co., and “like” and comment on the giveaway picture that will be posted. You may also be entered by signing up in the lobby at any of our Guaranty locations. The winners will be announced on Friday, February 12th.
Starting this month we will be giving away little gifts on the second Friday of each month. Possible gifts may include spatulas, rain gauges, pot and pan scrapers, tape measures and more! Stop by your local branch on February 12th to check out the freebie for this month, and pick up your freebie! Items will be given away until they are gone. Don’t forget to mark your calendars for the rest of the year!
guaranty financial resource center
As a valued client, we would like to share some exciting news! On January 1st, we joined together with the Guaranty State Bank and Trust Company. The Investment Center and the Trust Department will be formally known as THE GUARANTY FINANCIAL RESOURCE CENTER. We feel this is an excellent opportunity to combine two well-respected financial services groups that share a deep commitment to the financial needs of this area.
Although our name has changed, many things will remain the same:
-Our staff that you already know and trust will continue to serve you.
-Personal service that you have come to expect.
- Very little changes will occur at this time; it is business as usual. More information will follow in the future.
We truly appreciate your business and loyalty and look forward to serving you on many levels in the future. If you have any questions, please feel free to contact us.
One of the most important things you can do for yourself and your family is to prepare a will. It can help legally protect your spouse, children and assets.
retirement plan limits for 2015 and 2016
The Internal Revenue Service cost-of-living adjustments (COLA) affect contribution and other limits that may play a key role in an investor’s financial plan. The 2015 and 2016 numbers are summarized below.
Limit 2015 2016
401(k), 403(b) and 457 plan elective deferral limit $18,000 $18,000
401(k), 403(b) and 457 plan age 50+ catch-up contribution limit $6,000 $6,000
SIMPLE IRA elective deferral limit $12,500 $12,500
SIMPLE IRA age 50+ catch-up contribution limit $3,000 $3,000
Maximum annual contribution for defined contribution plans $53,000 $53,000
Annual compensation limit $265,000 $265,000
Definition of highly compensated employee $120,000 $120,000
Definition of key employee in top-heavy plan $170,000 $170,000
SEP minimum compensation $600 $600
Social Security taxable wage base $118,500 $118,500
Maximum annual benefit for defined benefit plans $210,000 $210,000
Traditional and Roth IRA contribution limit $5,500 $5,500
Traditional and Roth IRA age 50+ catch-up contribution limit $1,000 $1,000
Social Security tax rate (employee) 7.65% 7.65%
Social Security tax rate (self-employed) 15.30% 15.30%
Source of chart data: www.irs.gov
Investment Centers of America, Inc. (ICA), member FINRA/SIPC and a Registered Investment Advisor is not affiliated with Guaranty State Bank & Trust Co. Securities, advisory services, and insurance products offered through ICA and affiliated insurance agencies are *not insured by the FDIC or any other Federal Government agency *not a deposit or other obligation of, or guaranteed by any bank or their affiliates *not subject to risks including the possible loss of principal amount invested.
Guaranty Financial Resource Center- Your Money. Your Life. Your Journey