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No matter how much you love your job, you’ll want to retire someday. Start planning now so that when the time comes, you can retire in style. F&M Bank offers different types of IRAs to suit your unique situation.

  • Traditional IRA. A personal retirement savings account that grows on a tax-deferred basis until you withdraw the funds.
  • Roth IRA. A personal retirement savings account with the potential for tax-free growth. Your Roth IRA contributions are not tax-deductible like they are with a Traditional IRA, but withdrawals are tax-free within certain limitations. 

Account Features 

  • Minimum Opening Balance - $100 deposit required to open account 
  • App & Online Banking with Bill Pay - Securely check your balances, pay bills and more from your phone or tablet. 
  • In-App, Email & Text Notifications - Important info comes straight to your inbox 
  • Renewal Option - Convenient automatic renewal 
  • Interest Earning 
  • Tax Benefits - Traditional IRA contributions are tax-deductible, and Roth IRA offers tax-free savings
  • Distribution - No distribution requirements for Roth IRA investors aged 70½ and older / Traditional IRAs require minimum distributions for investors 70½ and older 
To learn more about our IRAs, contact an F&M team member or stop by any F&M location.
Note: See product disclosure for additional information. IRAs are subject to federal laws. Consult your tax advisor for comprehensive advice.