Whether you’re looking to save for retirement or medical expenses or something else, we can help.
IRAs
Individual Retirement Accounts are another great way to save for your retirement. The Wanda State Bank offers both Traditional and Roth IRA’s. Traditional IRA’s allow you to contribute during your working years with funds that will be tax deferred until withdrawn, and the contributions may also reduce your taxable income. Roth IRA’s offer tax-savings benefits to qualifying taxpayers and may allow tax free withdrawals if certain requirements are met.
Health Savings Accounts
In order to continually better serve our customers, the Wanda State Bank now has Health Savings Accounts (HSAs) available. These accounts are a great way to pay for medical expenses for you, your spouse, and dependents. Not only are your HSA contributions tax-deductible, HSA earnings are tax-deferred too. Contribution forms can be printed here.
