What is an IRA?

Individual Retirement Accounts (IRA) are accounts specifically set up to use during retirement by offering possible tax advantages. Start investing now so your money has time to gain interest and grow!

Why invest in an IRA?

In retirement you may need as much as 100% of your current after-tax income minus any amount you are saving for retirement each year. This makes it all more important to start saving sooner rather than later, and an IRA can help you get started.

What’s the difference between Roth and Traditional IRA?

The two most common types of IRAs are Traditional and Roth. Which one you choose (or qualify for) depends on your age, income, and financial goals.

American National Bank of Minnesota offers Savings accounts and Certificate of Deposits to meet your needs. Contact your local branch for more information.

We offer two different investment options, Certificate of Deposit and Personal Savings with our IRA plans. Contact your local branch for more information.

*Work with your Tax Advisor to determine which options makes the most sense for your financial goals or view IRS.gov for more details.