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Retirement/Education Plans

TrustBank offers a variety of retirement and education plans.

A FDIC-insured Individual Retirement Account (IRA) or Coverdell Education Savings Account (CESA) can help your money work harder as you plan for a secure future.

Click the links at the bottom to learn more about TrustBank's IRA solutions. 

IRA Maximum Annual Contribution

Regular Contribution Elegibility Requirements
Traditional IRA Roth IRA

Compensation

Younger than age 70 1/2 all year

Compensation

Limited by MAGI

Regular IRA Contributions
Tax Year Standard Combined IRA Contribution Limit Catch-Up Amount (Ages 50+) Total Combined IRA
2012 $5,000 (or 100% of compensation if smaller) $1,000 $6,000 (or 100% of compensation if smaller)
2013 $5,500 (or 100% of compensation if smaller) $1,000 $6,500 (or 100% of compensation if smaller)
2014 $5,500 (or 100% of compensation if smaller) $1,000 $6,500 (or 100% of compensation if smaller)
Contribution Deadline: Income tax return filing due date, not including extensions