IRAs

Age gracefully. Or act like a kid again.

No one at Paducah Bank is telling you how to spend your retirement years. We understand the appeal of kicking back and relaxing AND the thrill of stepping out and seeking adventure. But we would offer this piece of advice - the sooner you open your tax-advantaged IRA, the more money you'll have to work with when you leave the workforce. And that means more options for how you spend all that extra free time.

• Works nicely with 401(k) plans, pensions and other retirement savings strategies 
• Contribute up to $6,500 annually ($7,500 if over age 50)
• Traditional IRAs can offer annual tax deductions for years when you contribute to your account
• Roth IRAs allow you to withdraw your money tax-free when you retire
• With both Traditional and Roth IRAs, all annual income and dividend earnings are tax-exempt
• Monitor and manage accounts with Online Banking and our Mobile App 
• Both Traditional IRAs and Roth IRAs can be used to cover higher-education expenses. Consult your accountant or financial advisor to discuss this use of the money and other tax matters involving IRAs.

Contact us to open an Individual Retirement Account (IRA) or visit one of our Paducah or Louisville, Kentucky branches.