Retirement Planning - First Metro Bank

Retirement Planning

From preparation to implementing your retirement plan, First Metro Bank Financial Services is here to guide you through the retirement process.

Individual Retirement Accounts (IRAs)

Individual Retirement Accounts (IRAs) can offer tax advantages. IRAs offer consumers a way to invest so that any growth in the account is tax-free until withdrawal.

  • Traditional IRA
    • Invested earnings remain tax-deferred
    • Contributions can be tax-deductible or you may be able to make non-deductible contributions
    • Taxes are paid at the time distribution
    • Must begin distribution at age 70 ½
    • Withdrawals made prior to turning 59 ½
  • Roth IRA
    • Earnings are tax-free; however, contributions are made after tax
    • After the age of 59 ½, qualified distributions are tax-free
  • SEP IRA
    • Must be at least 21 years of age
    • Employer established and funded IRA

  • Rollovers

    • For clients who choose to transfer assets from one retirement account (such as an IRA, 401k, or other deferred income account) to another retirement account
    • Allows the value to remain tax-free until withdrawal begins and allows controlled investments

    Contact us for more information.

    First Metro Bank is independent of ProEquities, Inc. Investment and Insurance products are not FDIC insured, not bank guaranteed, may lose value, not insured by any Federal Government Agency, or not a bank deposit.  Advisory Services are offered through Investment Advisors, a division of ProEquities, a Registered Investment Advisor. Securities are offered through ProEquities, Inc., a registered Broker-Dealer, Member FINRA & SIPC.

    Please be advised that presently Kenneth Davis holds a Series 7 and 66 licenses in AL and TN. For residents of other states in which registration is not held, proper licenses and registrations must be obtained by representatives before proceeding further. No part of this communication should be construed as an offer to sell any security or provide investment advice or recommendation. Securities offered through ProEquities, Inc. will fluctuate in value and are subject to investment risks including possible loss of principal.

    Links to third-party web sites are provided as they may be of interest to our website visitors for convenience.  First Metro Bank does not endorse nor are we responsible for the content of the third-party links.  ProEquities makes no representation to the accurateness of information provided at these sites.  Also, please be aware that the security and privacy policies of these sites may be different than those of First Metro Bank; therefore, read third-party privacy and security policies closely.  First Metro Bank will not be responsible for any loss, damage to equipment, or incompatibility between the third party website and any Web browser, operating system, or devise used or operated by a user.