You've got choices for your individual retirement account.
An Individual Retirement Account is a personal retirement account that helps you save for your retirement. IRAs offer either tax-deferred or tax-free growth of any earnings, and some IRAs even provide tax-deductible contributions.
Traditional IRA
Contributions may be tax-deductible, and earnings are tax-deferred. Individuals with earned income may contribute up to the allowable limit annually, and if you're over 50, you may make catch-up contributions up to the allowable limit.
Roth IRA
Created as an alternative to traditional IRAs, Roth contributions are not tax-deductible, although any earnings grow tax-free. This means paying taxes now to enjoy tax-free income in retirement. Certain income limits are required to qualify.
Self-Directed IRA
Offers total investment freedom. This account allows retirement dollars to be directed into a broad range of investments so you can match your savings plan to the level of risk desired.
Education IRA (Coverdell Education Savings Accounts)
Any individual (including a child) can contribute to a child's education IRA, and it grows tax-free until withdrawal. There is no limit on the number of education IRAs that can be established designating the same child as the beneficiary. However, total contributions for the child during any tax year cannot exceed the allowable limit.
Spousal IRA
Designed to help non-working spouses save for retirement by investing in a Traditional or Roth IRA. Couples can contribute up to the allowable limit or more if they are both over age 50, as long as the total IRA contribution is less than their total earned income.
Rollover IRA
A great way for individuals who are changing jobs or retiring to continue to receive the same tax advantages as they had with an employer-sponsored plan such as a 401(k). Plan assets are simply "rolled over" to an IRA, where the assets and any earnings remain tax-deferred. Plus, an IRA generally offers more investment options and flexibility. Several individual IRAs can "roll over" into one Rollover IRA for simplification and consolidation of accounts.
SEP IRA
Simplified Employee Pension IRAs are tax-deferred retirement plans for self-employed individuals or small companies. SEP IRA contributions are made by the employer (or by the self-employed individual) but does not allow employee contributions unless the plan was established before 1997.
Simple IRA
A Savings Incentive Match Plan for Employees is a tax-deferred retirement plan available to self-employed individuals or small businesses with fewer than 100 employees that have no other retirement plan. Contributions are made by both the employer and the employee. The employer must establish this plan for the benefit of an employee.
Additional Information
*Please consult your personal tax advisor for applicability of the IRS rules related to deductions and interest.
You've got choices for your individual retirement account.
An Individual Retirement Account is a personal retirement account that helps you save for your retirement. IRAs offer either tax-deferred or tax-free growth of any earnings, and some IRAs even provide tax-deductible contributions.
Traditional IRA
Contributions may be tax-deductible, and earnings are tax-deferred. Individuals with earned income may contribute up to the allowable limit annually, and if you're over 50, you may make catch-up contributions up to the allowable limit.
Roth IRA
Created as an alternative to traditional IRAs, Roth contributions are not tax-deductible, although any earnings grow tax-free. This means paying taxes now to enjoy tax-free income in retirement. Certain income limits are required to qualify.
Self-Directed IRA
Offers total investment freedom. This account allows retirement dollars to be directed into a broad range of investments so you can match your savings plan to the level of risk desired.
Education IRA (Coverdell Education Savings Accounts)
Any individual (including a child) can contribute to a child's education IRA, and it grows tax-free until withdrawal. There is no limit on the number of education IRAs that can be established designating the same child as the beneficiary. However, total contributions for the child during any tax year cannot exceed the allowable limit.
Spousal IRA
Designed to help non-working spouses save for retirement by investing in a Traditional or Roth IRA. Couples can contribute up to the allowable limit or more if they are both over age 50, as long as the total IRA contribution is less than their total earned income.
Rollover IRA
A great way for individuals who are changing jobs or retiring to continue to receive the same tax advantages as they had with an employer-sponsored plan such as a 401(k). Plan assets are simply "rolled over" to an IRA, where the assets and any earnings remain tax-deferred. Plus, an IRA generally offers more investment options and flexibility. Several individual IRAs can "roll over" into one Rollover IRA for simplification and consolidation of accounts.
SEP IRA
Simplified Employee Pension IRAs are tax-deferred retirement plans for self-employed individuals or small companies. SEP IRA contributions are made by the employer (or by the self-employed individual) but does not allow employee contributions unless the plan was established before 1997.
Simple IRA
A Savings Incentive Match Plan for Employees is a tax-deferred retirement plan available to self-employed individuals or small businesses with fewer than 100 employees that have no other retirement plan. Contributions are made by both the employer and the employee. The employer must establish this plan for the benefit of an employee.
Additional Information
*Please consult your personal tax advisor for applicability of the IRS rules related to deductions and interest.

Now that the National Champion has been crowned, it's time to get some thoughts on how it went down. Georgia and TCU participate in the College Football Playoff to give feedback on how to improve the experience.

Renasant is proud to partner with PGA Tour golfer Trey Mullinax as a Brand Ambassador.

Have you ever had a device or another piece of technology that was on the fritz? It happens to best of us. Thankfully, there’s a Renasant Rewards Extra checking account for that.

Renasant is proud to present Dream Together – an exciting behind the scenes look at Nashville SC, narrated by Kirk Herbstreit. Follow along as the Boys in Gold take the pitch for the Music City for their third season in the MLS. #EveryoneN

At Renasant, we offer a variety of loan programs with a variety of down payment options. For those that have down payment requirements, it can seem daunting. Use this budgeting worksheet to help prepare.

Discover how Sylla now uses her platform, SisterGolf, to teach women how to use golf as a tool for developing mutually beneficial business relationships, and to create connections for professional advancement in the corporate workplace.

Getting a business loan is overwhelming. Renasant’s business banking experts work with small business owners and entrepreneurs to ensure you have the support needed for your business.