Retirement and estate planning are always important, and doubly so for farmers and ranchers. To help plan for the day when the next generation takes over the farm, Starion offers Individual Retirement Accounts to help you save for the future, while potentially reducing taxes today. We can help you gather all of your financial management in one place, and help you develop your financial strategies. Please note these IRAs are offered by Starion Investment Representatives only in Bismarck, Mandan, Fargo, Oakes and Ellendale through LPL Financial:
- SEP IRA Accounts
Simplified Employee Pension, or SEP IRAs, are generally designed for self-employed business owners with no employees. SEP IRAs are subject to investment risk and are not insured by the FDIC.
- SIMPLE IRA Accounts
Savings Incentive Match Plan for Employees, or SIMPLE IRAs, are aimed at business owners with up to 100 employees who want to set up a retirement program for themselves and their employees. SIMPLE IRAs are subject to investment risk and are not insured by the FDIC.
As with any investment plan, please contact your tax advisor for questions on how the plan might affect your taxes. Learn more in our Investments section.
Meet with a Starion Investment Advisor to discuss your retirement plans