FCNB Financial offers a variety of choices to start saving for your retirement.  Contact Registered Representatives Tim Lorraine or Julie Settles for more information!

Individual Retirement Account

This account allows you to save for retirement using pre-tax dollars. Your money grows tax-deferred until you need it after the age of 59 1/2.  You can open an IRA with a minimum contribution of $50 and you can then contribute up to $4,000 per year.  If you are age 50 and above, your annual contribution limit is $5,000.  If you have tax problems or want to lower your tax burden, this is an excellent choice.

You can save for retirement using after tax dollars.  All earnings generated by the account are yours after the age of 59 1/2.  You can open a Roth IRA with a minimum contribution of $50 and you can then contribute up to $4,000 per year.  If you are age 50 and above, your annual contribution limit is $5,000.  If you have not started saving for retirement or are between the age of 20 to 50 years old, this is an unbelievably good choice.  If you don't have one, you are missing out on the best deal the IRS has ever given us.

You pick the length of time you want the coverage and the death benefit. As long as you pay your premiums, you are covered. Once the term expires, your coverage expires and you have to get another one. Term Life Insurance is a great deal when you are young, but a very expensive proposition after you turn 45.

These policies cover you up to age 95 or 100 in most cases. You put in excess money, more than the cost of the insurance itself. The excess accumulates as cash value. The cash can be borrowed against, or taken out in total as you choose. If not funded properly, the policy will implode upon itself. Unrealistic estimates of cash value also can weaken these policies. They are one of the main tools used in estate planning vehicles.

This is an option that could ensure that your estate remains largely intact. 

Securities offered through Money Concepts * Member NASD * SiPC * Not a Deposit * Not FDIC-Insured *Not Insured By Any Federal Government Agency * Not Guaranteed by the Bank * May Go Down in Value