Individual Retirement Account (IRA)

Regardless of how close you are to retirement, an Individual Retirement Account (IRA) can be a helpful tool.

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Roth IRA
  • Contributions are not tax deductible.
  • There is no mandatory distribution age.
  • All earnings and principal are 100% tax-free if rules and regulations are followed.
  • Funds can be used to purchase a variety of investments (stocks, bonds, certificates of deposit*, etc.).
  • Available only to single-filers making up to $95,000 or married couples making a combined maximum of $150,000 annually.
  • Principal contributions can be withdrawn any time without penalty (subject to some minimal conditions).
Traditional IRA
  • Tax deductible contributions (depending on income level).
  • Withdrawals begin at age 59 1/2 and are mandatory by 70 1/2.
  • Taxes are paid on earnings when withdrawn from an IRA account.
  • Funds can be used to purchase a variety of investments (stocks, bonds, certificates of deposit*, etc.).
  • Available to everyone; no income restrictions.
  • All funds withdrawn (including principal contributions) before 59 1/2 are subject to a 10% penalty (subject to exception).
Rollover IRA
  • Easily consolidate balances from multiple retirement plans into one account.
  • Choose the IRA Investment options that best suit your financial needs.
  • Maintain the tax-deferred status of your previous account.
  • Schedule an appointment today!
Self-Directed IRA

Our Wealth professionals have taken the time to create a truly "open" architecture that allows our clients to take advantage of the diverse options that are available in today's market. With a self directed IRA, clients have the ability to grow their retirement nest egg with assets not available to them in a traditional retirement plan.

What is a Self-Directed IRA?

  • Client opens SDIRA using existing IRA funds.
  • Client serves as trustee of the IRA and Home Savings serves as custodian of the IRA assets.
  • Client then directs the investments, subject to IRS restrictions.
  • Such investments may include real estate, private equity funding, small business holding and oil & gas interests, to name a few.


  • Here is an example of how this can work:  A local business man, Tom Smith, is approached about buying a commercial property with a group of investors.  Tom learns that he can buy a 20% interest in an LLC that holds a very nice building for $100,000.  Tom has an IRA with $900,000 and works with professional advisors to purchase the business interest as an asset of his IRA.  This strategy offers a great number of advantages.
  • No Income Tax:  Each month the tenants of the commercial building sends rent to the owners.  Under normal circumstances, Tom would have to pay income tax on the portion of the rent that flows to him.  However, because his piece of the LLC is inside of an IRA, no tax is due.  The proceeds can be used to make additional investments until needed for distribution to Tom.
  • No Capital Gains Tax:  At some point in time the building may be sold.  Because Tom has sheltered his interest in the IRA, he will not have to pay capital gains taxes.  While his friends have a portion of their return reduced by state and federal taxes, Tom will have the ability to use his cash for additional investments or distributions.
  • Opportunity for Return:  Tom's anticipated return on his investment is greater than what he expects to earn in the market.
* Certificates of deposit are FDIC insured.


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