TRADITIONAL I ROTH I SEP I SIMPLE I CESA I HSA

Which tax-minimizing savings investment(s) will work for you? Let CSB help you invest for college, health care costs, your first home, retirement, and much more - AND take advantage of tax savings too! Speak with one of our Customer Service Representatives to find out more about these valuable tax-planning investment tools!

TRADITIONAL IRA'S (Individual Retirement Accounts) can benefit eligible individuals with an income tax deduction in the year for which contributions are made, as well as tax-deferred earnings.

ROTH IRA'S feature non-deductible contributions but potentially tax free earnings!

SEP's (Simplified Employee Pension plans) and SIMPLE's (Savings Incentive Match Plan for Employees of Small Employers) are two ways Employers in smaller businesses can contribute to IRA's for their employees.

CESA's (Coverdell Education Savings Accounts), like Roth IRA's,
feature non-deductible contributions but potentially tax free earnings. This plan is designed to help pay for qualified education expenses.

HSA's (Health Savings Accounts) were recently created by Congress
to help combat rising medical costs by providing an incentive for more consumers to save for their (out-of-pocket) medical expenses. If you are covered under an HDHP (High Deductible Health Plan) and are not yet entitled to Medicare benefits (generally not yet age 65) you or your employer may be able to make tax-deductible contributions to an HSA. HSA earnings are tax-deferred, and if used to pay qualified medical expenses, HSA assets are never taxed!

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