Contact Information

American State Bank

700 E. Sioux Ave 
P.O. Box 1178

Pierre, SD 57501-1178

1-605-224-9233

1-800-347-6537

Fax: 1-605-224-1872
e-mail:

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Individual Retirement Accounts (products, savings)

We all go to work looking forward to the day we can retire.  That day will come a lot sooner if you begin investing for your retirement at a young age.  One of the ways to invest is through the establishment of an Individual Retirement Account. 

An IRA is a type of account that has been established by Congress to assist people with planning for their retirement needs.   Generally any money put into an IRA cannot be taken out before age 59 ˝ without penalty from the IRS (there are some exceptions to this rule).  The hope of Congress was that by establishing these retirement plans people who do not have retirement plans available to them at their place of employment would begin a savings plan using this type of account.   

To simplify your retirement savings we can set up an automatic transfer on a periodic basis from your checking or savings account into an IRA account. 

We are able to establish a Roth IRA, a traditional IRA, and/or the educational IRA.  We can also set up a SEP IRA if you are the owner of a small business. 

 

 

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