Trust and Investments



Retirement Accounts

Retirement account options at CornerBank include:

IRA:  Individual Retirement Accounts

Traditional IRA’s are a tax deferred account that will allow you to contribute on a tax deferred basis.  Both contributions and accumulated earnings remain tax deferred until the time of withdrawal.  The annual contribution is capped at $5500 per year with an additional catch-up amount of $1,000 per year for those ages 50 and older.  Some restriction may apply so you should review your personal situation.

ROTH IRA’s are an after tax contribution to an IRA account with the earnings growing tax deferred and eligible to be distributed tax free at the time of withdrawal.  To receive tax free withdrawals the account must be in existence for 5 years and withdrawals starting after age 59 ½.  The same contributions limits apply to the ROTH IRA as for the Traditional IRA.

IRA Rollovers are designed to hold assets that were accumulated in employer sponsored retirement plans rolled to either a traditional or ROTH IRA once the account owner has separated from service on the employer plan.  These IRA accounts are very good for consolidating old 401k, 403b accounts into one IRA where the customer can take advantage of increased investment opportunities and potentially lower cost.

Employer Sponsored Retirement Plans:

  • SIMPLE IRA Plans
  • 401K & 403B Plans

Disclosures
Securities and insurance products are offered through Cetera Investment Services LLC (doing insurance business in CA as CFGIS Insurance Agency), member FINRA/SIPC. Advisory services are offered through Cetera Investment Advisers LLC. Neither firm is affiliated with the financial institution where investment services are offered. Investments are: *Not FDIC/NCUSIF insured *May lose value *Not financial institution guaranteed *Not a deposit *Not insured by any federal government agency. Advisory services may only be offered by investment adviser representatives.

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The Information in this website is for U.S. residents only.  The information on the website does not constitute an offer to sell. Or a solicitation of an offer to purchase brokerage services to persons outside the United States.

Retirement Accounts Representatives

Contact a CornerBank representative below to help you today!

Gene Heffron

Senior Vice President, Asset Management

Lawrence, Wichita, Winfield

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