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Individual Retirement Accounts (IRA)

It’s never too early to plan your future. SouthEast Bank offers a variety of retirement accounts to fit your needs. Visit your local branch to learn more about the following retirement accounts(1):

  • Traditional IRA
  • Roth IRA
  • Simplified Employee Pension (SEP)
Individual Retirement Accounts Ira - Southeast Bank

Retirement Accounts at a Glance:

Traditional IRA

Traditional IRAs are funded with pre-tax dollars. There can be tax savings for savers who believe they will be in a lower tax bracket at retirement. Funds from these accounts are taxed when withdrawn.

Roth IRA

Roth IRAs are funded with after-tax dollars and the contributions to these accounts are not tax-deductible. The advantage comes at withdrawal and the core funds plus any interest growth can be withdrawn tax-free.

Simplified Employee Pension (SEP)

A simplified employee pension (SEP IRA) is a retirement plan that either an employer or self-employed individuals can establish. SEP IRAs are mostly used by small businesses and self-employed individuals. They are designed to meet their retirement savings needs, especially amongst small businesses and the self-employed.

Browse Our Retirement Calculators

Unsure which account is right for you? Browse our retirement calculators and make a plan to reach your goals.

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