IRAs

Secure a Comfortable Retirement

As you age, it's natural to start worrying about what comes after you stop working. If you're worried you're not going to have enough money for retirement, starting an Individual Retirement Account (IRA) with Farmers Savings Bank can help you bridge that gap and get some peace of mind. Along with the benefits of saving for your retirement, an IRA also provides tax advantages for yourself and your loved ones.

To learn more about our available IRA options, reach out to a member of our team to get started, or visit your local branch to have the conversation in person.
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Health Savings Accounts

Medical expenses can quickly take a solid savings plan and turn it completely upside down. A great way to avoid that is by planning ahead and starting to save today with a Health Savings Account (HSA) from Farmers Savings Bank. HSAs are tax-advantaged medical savings accounts specifically designed for customers who are enrolled in a high-deductible health plan. Funds contributed to an HSA are not subject to federal income tax and may be used to pay for qualified medical expenses without any federal tax liability or penalty.

To learn more about the advantages of an HSA and to get started, contact our team today.
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Coverdell Education Savings Accounts

The education of our children is something that we prioritize as we want nothing but the best for our next generation. And oftentimes when we want the best, we have to save for the best. Coverdell Education Savings Accounts were created by Congress to do exactly that, and help families save for their children's education expenses. Earnings on these accounts are tax deferred and distributions for qualified education expenses are tax free. 

We would love to visit with you about getting a Coverdell Education Savings Account opened at Farmers Savings Bank, so contact us today or visit one of our branches to have the conversation in person.
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