Rollovers

Individual Retirement Accounts are an important part of planning for your future financial well-being. These types of accounts offer tax advantages and there are two primary categories of IRAs: Traditional and Roth.

• A Traditional IRA may allow you to defer payment of taxes on contributions or rollovers from 401(k), 403(b), pension or profit sharing plans, as well as tax-sheltered annuities (TSAs) until the time of withdrawal.
  
  
• Roth IRAs differ from traditional IRAs in that contributions are non-deductible — but qualified withdrawals are tax-free! Whether you wish to roll over your qualified plan balance from a former employer or transfer your account from another institution, our friendly staff can quickly assist you.

Whether you’re starting a new IRA or rolling over your current IRA to F&M Bank & Trust, we are ready to assist you.