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The time is now to start saving for retirement.

Saving for retirement with an IRA offers a number of benefits. We’re here to help you choose the right option based on your current needs and future retirement savings goals.  What’s more, you can choose from Traditional or Roth IRA when opening your account. 

Compare Traditional vs. Roth


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    IRA Savings

    Saving money with an IRA savings account allows you to add more to your account at any time.

     

    • No minimum balance required to open
    • Additional deposits as little as $5 can be made at any time
    • Traditional and Roth IRAs available
    • Flexible savings solution with minimal investment risk & FDIC Insurance
    • Competitive interest rates
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    CD IRA

    Save with the guaranteed interest of a CD with the tax advantages of a retirement account. 

     

    • Open with as little as $500
    • Multiple term options to meet your timeframe
    • Traditional or Roth IRA options available 
    • Tax-advantaged and FDIC-insured
    • Competitive interest rates and fixed terms

No matter which option you choose, it's easy to get started today.

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    Speak to an advisor.
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    Visit a branch.
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    Chat online with our support team Monday - Friday 8 am to 5 pm CST.  Live chat is available for questions 24/7/365.

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Changing jobs? Rollover your IRA.

If you’ve recently changed jobs or retired and would like to protect the balance in your previous employer’s retirement plan, Horizon Bank's Rollover IRA is for you.

  • Continue to accrue tax-deferred earnings
  • Transfer retirement savings without tax penalties or other hassles
  • Full protection from bankruptcy
  • No limits on the rollover amount
  • Rollovers can be opened at any time

 

IRA FAQS

Sensible Advice

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Your Investment Portfolio During This Time

The pandemic has been challenging on some stocks, but when the current situation changes –and it will, you don’t want hastily made decisions to derail your long-term investment plan. So, what should you do right now?


Here are a few things to consider:

  1. Be disciplined in handling your investments
    Buy low, sell high. Most investors will have a targeted ratio of low-risk to high-risk investments. When stock prices drop dramatically, as they have recently, this can push your target ratio out of balance.

    While it’s never fun to see values going down, it may indeed be the right time to re-balance by actually purchasing more stocks if you can reasonably afford to do so.
     
  2. Don’t make emotional decisions
    It’s easy to panic in times of financial uncertainty. But unless you need money from your investment for emergency purposes, or your retirement date is drawing very near, it may be wiser to wait through the crisis. Those who have a longer time to wait will likely see their portfolio values rise again, over time.

    Remember: You only “lock in” your losses when you remove money from your accounts.
     
  3. Remain optimistic about economic and market recovery
    The last global recession in 2008 was deep and long. Economists don’t view our latest challenge in the same light. They system is sounder now and they believe we will have a strong rebound.
     
  4. Talk to an advisor
    Get in touch with a financial advisor at Horizon Bank to determine whether you need an immediate adjustment to your investments. We will take your life stage, goals, personal circumstances, and overall risk tolerance into account to help you determine the best options for your specific needs.

    Meet our Investment Team and get a conversation started today. We will be happy to help.

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