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College... Hawaii... Retirement... What are your financial goals?
Put your money to work to help you achieve them.
For those funds with a longer investment time horizon or for purposes other than short-term transactional needs, Bank of Bolivar is pleased to offer you several wealth management solutions:
- Brokerage Account (through BIS)
Bolivar Investment Services - a separate but affiliated investment center - is available to assist you with your investment needs beyond the standard account offerings at Bank of Bolivar. For more details, including contact information, click here to visit the Bolivar Investment Services website.
(IMPORTANT NOTE: investment products offered through BIS are not FDIC insured, not bank guaranteed, not insured by any federal government agency, not a bank deposit, and may lose value.)
- Individual Retirement Account
An Individual Retirement Account (IRA) is a retirement account established for the exclusive benefit of an individual and offering the benefit of tax deferral. Two of the most common types of IRAs are Traditional and Roth. Since Roth IRA contributions are made post-tax, interest accrues tax-free and qualified distributions on Roth IRAs are tax-free. However, since Traditional IRA contributions are made on a pre-tax basis, taxes on contributions and accrued interest must paid at distribution time; but since income is likely to be lower after retirement, the tax rate on the back end may be lower than when it was first earned and contributed.
Click here to see Current Rates, then come in and visit with one of our friendly new accounts representatives about opening your own tax-preferred retirement account.
(IMPORTANT NOTES: please consult with your tax advisor for information and advice concerning your personal tax situation; early withdrawal penalties may apply.)
- Business Money Market Account
For an FDIC-insured business savings account tailored to larger-than-normal balances, click here to see the Business Money Market Account section of our website.
- Personal Money Market Account
For an FDIC-insured personal savings account tailored to larger-than-normal balances, click here to see the Personal Money Market Account section of our website.
As always, we are happy to consult with you to answer any questions you may have regarding money management in general or long-term wealth management in particular.