Planning for your retirement is not a simple task. It requires establishing your destination and finding the best course of action to help you get there. Schedule a consultation with one of our experienced Bankers today. View our Branch Locations to find a Fremont Bank location near you.

Traditional IRA				Roth IRA
The traditional IRA is an account that allows you to defer taxes on your earning until they are withdrawn. Also, certain contributions are deductible in the tax year for which they are made.				The Roth IRA is an account that features generally tax-free withdrawals for certain distribution reasons after a five-year holding period. Since Roth IRA contributions are non-deductible and taxed in the year they are earned, some people benefit more from these accounts than from a traditional IRA.
Anyone under age 70 ½ with earned income can open a traditional IRA.* Earnings grow tax-deferred until the holder begins to withdraw the funds, which can occur at or after age 59 ½ without penalty.** Contributions can be made up to $5,000 annually for tax year 2008 and up to $5,000 for tax year 2009. A non-working spouse can contribute the same amount to his/her own IRA. If you are over age 50, you may be able to "make-up" your contributions with an additional $1,000 annually to a total of $6,000 for tax year 2008 and $6,000 for tax year 2009. In certain cases, contributions may be tax deductible.*				Participation is subject to compensation limits* Contributions may be withdrawn tax and penalty free. Contributions are not tax-deductible. Qualified distribution of earnings may be withdrawn tax and penalty free.** Contributions can be made after the age of 70 ½ if you have earned income. If you are over age 50, you may be able to "make-up" your contributions with an additional $1,000 annually, to a total of $5,000 for tax year 2008 and $6,000 for tax year 2009.

Maximize your retirement investments with one of our IRA Certificates of Deposit.

On December 24, 2008, the Worker, Retiree, and Employer Recovery Act of 2008 was signed into law. The Act eliminates Required Miinimum Distributions ("RMD") for 2009. As a result, if you turned 70½ before 2008 or are taking RMDs as a beneficiary, you will not be required to take an RMD for 2009. If you turned 70½ in 2008, you will still be required to take your 2008 RMD by April 1, 2009. However, you will not be required to take an RMD for the 2009 year. If you turn 70½ in 2009, you will not be required to take a 2009 RMD by April 1, 2010. This waiver provision applies to RMDs for tax year 2009 only. All IRA holders will be required to resume taking RMDs in 2010. If you have any questions, please consult your tax advisor.

If you have your RMD automatically distributed from your Fremont Bank IRA, the scheduled distribution(s) will take place. If you do not want your automatically scheduled distribution to occur, you must notify us. You may contact your preferred branch or our Call Center at 800-359-BANK (2265)

* Subject to eligibility requirements. Consult your tax or legal advisor before making tax- or legal-related investment decisions.

** Income taxes are payable upon withdrawal and subject to a 10% tax penalty for withdrawal prior to age 59 ½. Non-qualified plans are subject to income taxes and penalties.

*** There is a 5-year holding period for determining whether earnings can be withdrawn tax-free as part of a qualified distribution..