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Individual Retirement Accounts

Tax-advantaged accounts designed for long-term retirement saving.

Retirement Savings, On Your Terms

Individual retirement accounts (IRAs) are designed for long-term retirement saving and investing. Depending on the account type you choose, contributions may offer tax advantages either when you deposit funds or when you withdraw them in retirement.

Civista offers Traditional IRAs, Roth IRAs, and SEP IRAs. Explore the differences below or speak to a professional today about which account fits your goals for the future most closely.

Traditional IRA A standard retirement account that allows you to make pre-tax contributions, which may reduce your taxable income in the year you contribute. $7,500 maximum yearly contribution Annual contribution limits set by the IRS Contributions may be tax-deductible, depending on income and coverage Withdrawals are taxed as income in retirement

Traditional IRA

A standard retirement account that allows you to make pre-tax contributions, which may reduce your taxable income in the year you contribute.

  • $7,500 maximum yearly contribution
  • Annual contribution limits set by the IRS
  • Contributions may be tax-deductible, depending on income and coverage
  • Withdrawals are taxed as income in retirement
Roth IRA Roth IRAs allow you to make after-tax contributions, with the potential for tax-free withdrawals in retirement. $7,500 maximum yearly contribution Annual contribution limits set by the IRS Contributions made with after-tax dollars Qualified withdrawals are generally tax-free

Roth IRA

Roth IRAs allow you to make after-tax contributions, with the potential for tax-free withdrawals in retirement.

  • $7,500 maximum yearly contribution
  • Annual contribution limits set by the IRS
  • Contributions made with after-tax dollars
  • Qualified withdrawals are generally tax-free
SEP IRA A Simplified Employer Pension is an employer-sponsored retirement plan available to small business owners and their employees. Employer-funded contributions only Contribution limits based on compensation and IRS guidelines Withdrawals taxed as income in retirement

SEP IRA

A Simplified Employer Pension is an employer-sponsored retirement plan available to small business owners and their employees.

  • Employer-funded contributions only
  • Contribution limits based on compensation and IRS guidelines
  • Withdrawals taxed as income in retirement
To determine which IRA is right for you, consult your tax advisor.

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We’re here to help you bank in the way that’s best for you. Get in touch today and let our expert team help you find the tools, accounts, and resources that suit your unique needs.
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