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Personal Investment Solutions

Offering Investment Solutions to fit YOUR needs.

Bank of Yazoo offers a variety of ways to put money aside for your retirement, your child's education expenses and qualified medical expenses, all while taking advantage of tax benefits.

 

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Individual Retirement Accounts (IRAs) are an ideal way to put money aside for your retirement and help take advantage of significant tax benefits. The most common IRAs are Traditional IRAs and Roth IRAs. Both types have eligibility restrictions based upon your age, income or employment status, as well as limitations on how much you can contribute each year.

 

Coverdell Education Savings Accounts are a vehicle for adults to save for a child’s elementary, secondary, or higher education expenses. While there are age and contribution limits, all withdrawals and earnings are free from federal income tax as long as the money is used for qualified education expenses such as tuition, books, supplies, uniforms, computers, or room and board.

 

Health Savings Accounts (HSAs) allow you to put aside pre-taxed dollars to help pay for deductibles, co‑payments, and other qualified medical expenses. HSAs are eligible only for those with High Deductible Health Plans (HDHPs).  What makes a Health Savings Account different? HSA funds roll over year‑to‑year, so money isn’t lost if not spent in full in any particular year. 

 

For more details about these products, please contact any of our convenient locations and let us help find the best personal investment solution for YOU.