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Southern Heritage Bank is a Division of
FIRST CITIZENS NATIONAL BANK

Retirement Planning Options for Individuals and Businesses

Retirement planning is important for both individuals and businesses. At First Citizens, we can help business owners establish a retirement plan that will increase employee retention and loyalty. We can also set up individual retirement plans for people who are self-employed or don’t have access to an employer-based plan.  

Employee Stock Option Plan (ESOP)

Employer stock contributed to a retirement plan

Profit Sharing Plans

Simple, easy-to-maintain plan that shares a company’s profits

401(k) Retirement Plans

Tax-deferred savings for employees

401(k) Safe Harbor Retirement Plans

A less expensive 401(k) option for businesses

Defined Benefit Pension Plans

Defined retirement benefits for employees

Savings Incentive Match for Employees (SIMPLE)

Easy retirement plan that offers a savings match to employees

Simplified Employee Pension (SEP)

Allows employers to contribute to employee IRAs

Traditional IRAs

Tax-deferred retirement savings

Roth IRAs

Tax-free withdrawals from retirement plan

Rollover Options

Move an existing IRA into a new account without penalties

 

What our
customers say

You’re a person here, not a number. The people here know who you are when you walk in the door and treat you like family.

– First Citizens National Bank customer