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IRAs

Our Individual Retirement Accounts (IRAs) are the safe and secure, and tax-advantaged way to save for retirement. Your savings will earn consistent returns without the risks of the stock market, and all our IRAs are FDIC insured, up to $250,000.

At Hawthorn Bank, IRAs are placed in CDs with terms of 1 year or greater. And additional contributions may be made to the Hawthorn 18-month IRA CD.

Your contributions to a Traditional IRA are usually deductible and grow on a tax-deferred basis.
If you choose a Roth IRA, qualified withdrawals during your retirement years are tax free and there are no minimum withdrawal requirements.

Use these calculators to explore both Roth and Traditional IRAs and to see how making regular contributions to your IRA can help you.

Roth IRA Conversion Calculator
Does it make sense to convert your Traditional IRA to a Roth IRA?

Roth vs. Traditional IRA Calculator
Which type of IRA is right for you?

Traditional IRA Calculator
How can contributing to a regular IRA help you in your retirement?