Bookmark & Share:     
HomeTown Bank Newsletter
 409-763-1271www.htbna.bankFebruary 2019

December 2018
October 2018
August 2018

Subscribe to our Newsletter
Tell A Friend
Spring Into Savings with an HTB IRA
by Stephany Cantu
Stephany Cantu Sr. Vice President

It may not feel like it now, but Spring is quickly approaching.  Flowers will be blooming, fresh air will be flowing through open windows, and birds will be singing while preparing their nests.  When I think of saving for retirement, I think of that bird building its nest to prepare and protect its eggs.

HomeTown Bank is ready to help you nurture your nest eggs in the form of an Individual Retirement Account (IRA).

HomeTown Bank, N.A. offers both Traditional and Roth IRAs.  Traditional IRAs allow you to defer taxes on the earnings on your contributions until they are withdrawn.  Also, depending on eligibility, contributions are tax deductible in the tax year for which you make them.  The annual contribution limit for 2019 is $6,000, or $7,000 if you’re age 50 or older.

Regular Roth IRA contributions are not tax deductible, so owners will not pay federal taxes on distributions of these contributions.  Under certain conditions, the earnings on Roth IRA contributions are also nontaxable when distributed.  The contribution limits are the same as a Traditional IRA, however, there may be limits depending on your filing status and income.

For more details, please stop by any of our locations to discuss your retirement savings needs.

The History of Mardi Gras
Mardi Gras tradition traces deep roots

In cities around the world, and particularly in New Orleans, Mardi Gras fills the late days of winter with colorful revelry. If you’ve ever wondered how this annual tradition got its start, here’s a look at the roots of the holiday and how it developed in the United States.
Congratulations on your Promotions!
Please join us in congratulating the following associates on their promotions:

Cesar Hernandez
Stephany Cantu
Jenny Chatman
Elizabeth Birch
Avery Ford
Staff Anniversaries!
Allan and Lynda
Allan Rasmussen Celebrates 20 years and Lynda Lee Celebrates 10 years at HomeTown Bank!

Allan Rasmussen
Lynda Lee
How to Save for Retirement on a Budget
Finding ways to save for the long-term without going broke in the short-term

Retirement is something that many people don’t think about until the very last minute. Fortunately, there are plenty of programs and services that help people take the money that they earn now and set it aside for their retirement years.
Welcome Steve Owens!
Steve OwensSteve Owens has joined the HomeTown team as Senior Vice President, Loan Officer and Branch Manager of the Friendswood Bay Area Branch. Welcome, Steve!
Should You Sell or Trade In Your Car?
A guide to determine what to do with your old ride

When the time comes, you can either sell your current car or trade it in during the process of getting a new vehicle. Either of these methods can be beneficial, depending on your desired outcome. Consider the pros and cons for each before you make your final decision.
Bill Provenzano Named Chair of League City Chamber of Commerce
Bill ProvenzanoHomeTown Bank of League City Senior Vice President, Loan Officer and Branch Manager Bill Provenzano has been elected to chair the League City Regional Chamber of Commerce.
Published by HomeTown Bank
Includes copyrighted material of IMakeNews, Inc. and its suppliers.
Disclaimer - All content contained in this newsletter is for informational purposes only and should not be relied upon to make any financial, accounting, tax, legal or other related decisions. Each person must consider his or her objectives, risk tolerances and level of comfort when making financial decisions and should consult a competent professional advisor prior to making any such decisions. Any opinions expressed through the content in this newsletter are the opinions of the particular author only.

Powered by IMN