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    Kankakee, IL 60901

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Retirement Planning

Home Personal Retirement

Live the Way You Want in Retirement

If you haven’t start planning or saving for your retirement, now is the perfect time to get started. We’re here to help you save for you and your family’s future, with everything from getting you started with an IRA to managing your portfolio as it grows.  Peoples Bank is here every step of the way to help you plan the perfect retirement … for you.  We think you deserve that. 

Individual Retirement Accounts

There are two types of IRAs—Traditional and Roth—and both have their advantages. The key is to determine which is right for you. You should consult your tax advisor if you aren't sure. Here are some advantages of each type:

  • Traditional IRA: In a traditional IRA, you don't pay tax on the earnings until you begin distribution. Depending upon your income level, you may be able to deduct all or a portion of your contributions.  Click here for rates and terms.
  • Roth IRA: Contributions are not tax-deductible, but the earnings are tax free once you're ready to use them, as long as you hold the investment for at least 5 years AND you make a qualified distribution. Click here for rates and terms.

Please consult your tax advisor regarding the tax benefits of IRAs, as they will be able to provide comprehensive insight.