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Retirement Planning

Planning for retirement is one of the most important financial decisions you'll make, and Citizens Independent Bank is here to help. Whether you're preparing for future healthcare expenses, building long term retirement savings, or exploring tax advantaged account options, having the right strategy in place today can help support your goals tomorrow. 

Tax-Advantaged Solutions to Help You Plan with Confidence.

 
Retirement planning looks different for everyone. From Health Savings Accounts (HSAs) to Individual Retirement Accounts (IRAs), CIB offers savings solutions designed to help you prepare for the future while taking advantage of valuable tax benefits and long-term growth opportunities.



Individual Retirement Accounts (IRAs)

 
Retirement Savings Designed Around Your Goals
An Individual Retirement Account (IRA)1 can help you build long-term financial security while offering valuable tax advantages. Whether you're just beginning to save or looking to strengthen an existing retirement strategy, there are options available to fit different goals and planning needs.
 
IRA Options Available
  • Traditional IRA
  • Roth IRA
  • SEP IRA
 
Why Choose an IRA?
  • Tax-advantaged retirement savings.
  • Flexible planning options.
  • CD-backed retirement solutions.
  • Multiple account types to support different goals.
  • Long-term retirement savings growth potential.
 
2026 IRA Contribution Limits
 
Age Roth IRA Traditional IRA
Age 49 or younger $7,500 $7,500
Age 50 or older2 $8,600 $8,600

Health Savings Account (HSA)

 
Save for Healthcare Today and Retirement Tomorrow
A Health Savings Account (HSA) provides a tax-advantaged way to save and invest for qualified healthcare expenses while also helping support long-term retirement goals. Because the account stays with you even if you change employers, it can continue to serve as part of your overall financial strategy.
 
Why Choose an HSA?
  • Save for qualified healthcare expenses. 
  • Take advantage of valuable tax benefits. 
  • Invest for future healthcare and retirement needs. 
  • Access funds for eligible medical expenses. 
  • Keep the account if you change employers. 
  • Build additional retirement savings over time.
 
2026 HSA Contribution Limits
 
Age Individual Plan Family Plan
Age 54 or younger $4,400 $8,750
Age 55 or older2 $5,400 $9,750
 
 
Contact Us
 
1Retirement planning and tax situations vary. Consult a qualified financial or tax professional before making retirement planning decisions. Citizens Independent Bank does not provide tax advice.
2Includes catch-up contribution eligibility.
































































    We provide personal banking, business banking, mortgage lending, and financial services to businesses and individuals across the western Twin Cities. Explore our local banking locations in Saint Louis Park, Robbinsdale, Hopkins, and Plymouth to find the branch most convenient for you.
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