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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

Benefits of Life Insurance and Why You Need It Now

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Life insurance is a way to protect your loved ones financially after you die. Your loved ones can use proceeds from a life insurance policy to meet funeral expenses and manage financially during the difficult weeks, months, and years after you pass. This makes life insurance an essential part of wealth management and trust planning.

Life Insurance Basics

Life insurance policies work similarly to home or auto insurance policies. You pay a regular premium to your insurance provider, and your family receives a lump sum payment from the insurance agency when you pass. There are different coverage levels, including term, whole, and universal.

Once you purchase a life insurance policy, periodically review your coverage – especially when you have a significant life event, such as the birth of a child or the death of a family member. With major life events, you may end up under- or over-covered.

Who Should Get Life Insurance

You should get life insurance if:

  • You are married, and your spouse depends on your income.
  • You have children.
  • Your parents or disabled relatives depend on you for support.
  • Your retirement savings and pension won't be enough for your spouse to live on.
  • You have a large estate and will owe estate taxes.
  • You own a business, especially if you have a partner.
  • You have a substantial joint financial obligation.

If you're still unsure about whether you should buy life insurance, a good question to ask yourself is: If I died today with no life insurance, would my family need to make substantial financial sacrifices and give up the lifestyle to which they've become accustomed in order to meet their financial obligations (e.g., car payments, mortgage, college tuition)?

For help determining which life insurance policy is right for you, contact Horizon Bank’s Relationship Managers. Call (219) 873-2683 to get started today!

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