We offer a variety of C.D.'s at The Guaranty. You can invest in a Guaranty State Bank C.D. for as little as 1 month or as long as 60 months! Annabeth Moritz-Nicholson, Asst. Vice President - CD services, or Tami Pruitt, Senior Vice President & Marketing Officer, can tailor a savings plan that is suited for you. The Guaranty's C.D.'s are FDIC insured.
Another unique investment at The Guaranty is our Educational C.D. This is a C.D. that is designed to come due when a child graduates from high school. It can be started at any time and in any amount. Additional deposits may be made whenever you wish. The C.D. earns the highest rate of interest that the bank is paying. The interest rate is subject to change every three years. After the child graduates from high school, the C.D. can be continued as long as they are a student.
E-mail us or stop by the bank soon for details on The Guaranty's C.D.s!
Traditional IRA
Must have earned income and not have reached age 70 1/2 by the end of the year
Taxable years beginning in 2008 and after may contribute a maximum of $5,000.00
Catch-Up (50+Over) from 2008 and after is $1,000.00
Tax-deferred until withdrawal
If active participant in employer retirement plan; contributions are restricted based on adjusted gross income
Contributions up to the limit are tax deductible if you are not an active participant in a retirement plan. Otherwise phaseout rules apply
Required distributions must begin by April following year participant turns 70 1/2
Contributions are not allowed after age of 70 1/2
Roth IRA
Must have earned income
No age restrictions
Taxable years beginning in 2008 may contribute a maximum of $5,000.00
In 2008 and after maximum contribution is $5,000.00
Catch-Up (50+Over) from 2008 and after is $1,000.00
Earnings grow tax-free
Tax filers will be able to contribute less to their Roth IRA when they have a MAGI above $105,000.00, or above $167,000.00 for married filing jointly. Single filers with a MAGI above $120,000.00 and married filing jointly with a MAGI above $176,000.00 are not eligible for Roth IRA contributions
Not tax deductible
Required distributions only after the death of the participant
Contributions are allowed after age 70 1/2
Trusts
Areas Serviced:
Retirement Planning
Financial Planning
Trust Accounts
Wills
Farm Management
Estates
Management of finances through an agency account
Stock purchases
Bill paying services
General Obligation and Industrial Revenue Bond trustee
Visits on how we can be of service to you are free. No hidden fees!
E-mail us or stop by the bank soon for details on The Guaranty's Trust Services!
