Retirement goals: funded.
Discover the different types of IRAs, including Traditional, Roth, SEP, and Self-Directed, and their benefits for retirement savings.
Key Features of IRAs
- Potential Tax Benefits: Enjoy potential tax deductions*
- Flexibility: Make deposits on your schedule
- Compound Growth: Put time on your side
Traditional IRA
A traditional IRA may offer tax-deferred growth, helping you save for retirement while potentially lowering your taxable income today. Traditional IRAs are held as Certificates of Deposits at Kentland Bank. There are required minimum distributions that apply.
Roth IRA
A Roth IRA lets your money grow with after-tax dollars, and qualified withdrawals in retirement may also be tax-free. However, there is an income limit, and contributions are not tax-deductible. Roth IRAs are held as Certificates of Deposits at Kentland Bank. There are no required minimum distributions during the account holder lifetime.
SEP IRA
A Simplified Employee Pension (SEP) IRA is a retirement savings option designed for self-employed individuals and small business owners, with at least one employee, offering higher contribution limits. Contributions are generally tax deductible for the employer. There are required minimum distributions that apply.
Self-Directed IRA
A self-directed IRA gives you more control over your retirement investments, allowing you diversify beyond traditional stock and bonds. A self-directed IRA is commonly used for Kentland Bancorp stock or farmland holdings. Additional compliance and documentation considerations required.
Use this calculator to determine your projected earnings from our KB High Yield Checking account. Move the sliders or type in the numbers to see your potential rewards.
- Estimated Annual Rewards $0
- Estimated monthly interest earned* $0
- Monthly ATM fees refunded**$0
This calculator compares the costs of buying or leasing a vehicle. There are three sections to complete, and you can adjust and experiment with different scenarios.
- Net cost of buying $0
- Net cost of leasing $0
A fixed-rate, fixed-term CD can earn higher returns than a standard savings account. Use this calculator to get an estimate of your earnings. Move the sliders or type in numbers to get started.
- Total value at maturity $0
- Total interest earned $0
- Annual Percentage Yield (APY)0.000%
Whether it's a down payment, college, a dream vacation...a savings plan can help you reach your goal. Use the sliders to experiment based on length of time and amount per month.
- Monthly deposit needed to reach goal $0
This calculator can help you get a general idea of monthly payments to expect for a simple loan. Move the sliders or type in numbers to get started.
- Estimated monthly payment $0
- Total paid $0
- Total interest paid $0
Kasasa Cash*
| Balance | Minimum Opening Deposit | Rate | APY |
|---|---|---|---|
| 0 - $15,000 | $x | 0.00% | 0.00% |
| $15,000+ | $x | 0.00% | 0.00% |
| All balances if qualifications not met | $x | 0.00% | 0.00% |
Qualifications
xx
Kasasa Saver*
| Balance | Minimum Opening Deposit | Rate | APY |
|---|---|---|---|
| 0 - $15,000 | $x | 0.00% | 0.00% |
| $15,000+ | $x | 0.00% | 0.00% |
| All balances if qualifications not met | $x | 0.00% | 0.00% |
Qualifications
xx