We have plans we can make work for you, whether your business consists of a group of employees or only YOU. Call Martinsburg Bank and Trust today to find out how to give yourself and your employees an opportunity to save for the future!

• 401K - A retirement account that both employee and employer contribute money to. Taxes on this account are deferred until the time of withdrawal, and the employee selects how the funds will be invested.

• IRA - IRA's were developed to help people save money for their retirement. There are several different kinds of IRA's each with different benefits. The different IRA's available are; Traditional, Roth, SEP, Simple and Education IRA's.

• Traditional IRA - A Traditional IRA is a special savings account used to accumulate funds to be primarily used for his or her retirement. An individual contributing to a Traditional IRA will receive a tax deduction each year contributions are made.

• Roth IRA - A Roth IRA is similar to the traditional IRA in that the funds are to be used for the account holder's retirement. All contributions to the Roth IRA are made with after tax dollars and are tax-free at the time of withdrawal.

• SEP - A type of pension plan that allows small businesses or sole proprietors to set aside up to 15% of gross annual sales on a tax deferred basis for retirement savings. Funds can be contributed to an individual retirement account (IRA) or to an annuity. Employees contributing to a SEP are also entitled to claim a tax deduction for their annual contribution.

• SIMPLE - Simple IRA's are a salary deferral type plan very similar to a 401-K plan. This account is sponsored by a small employer. Each participating employee must have a Simple IRA which will receive the actual contributions. Income earned by the contribution will not be taxed until distribution occurs.