The Traditional Individual Retirement Account (IRA) from Associated Banc‑Corp is designed to help individuals build a tax‑advantaged nest egg for retirement with clarity, flexibility, and access to trusted financial guidance. Whether you are starting early in your career, catching up on savings later in life, or consolidating retirement assets from previous employers, this Traditional IRA offers a straightforward way to save while potentially lowering taxable income today.

Why choose a Traditional IRA at Associated Banc‑Corp?

• Tax‑deferred growth: Earnings and investment gains within the account grow tax‑deferred until withdrawal, which can help your savings compound more efficiently over time.
• Potential tax deductibility: Contributions may be tax‑deductible depending on your income, filing status, and workplace retirement plan coverage, offering immediate tax benefits for eligible savers.
• Professional support: Access to experienced advisors and a full suite of investment options helps create a retirement strategy tailored to your goals and risk tolerance.
• Flexible funding and rollovers: Move funds from qualified employer plans or other IRAs to consolidate accounts, and choose contribution patterns that align with your budget.
• Beneficiary protection: Designate beneficiaries to help ensure a smooth transfer of assets according to your wishes upon death.

Key features and benefits

Associated Banc‑Corp’s Traditional IRA is built around features that matter to retirement savers:

• Diverse investment choices: Select from mutual funds, fixed income securities, equities, and managed portfolios to create a diversified strategy aimed at long‑term growth and income.
• Guided investment solutions: Professional portfolio management and advisory services are available for clients who want tailored asset allocation and ongoing oversight.
• Contribution flexibility: Make regular contributions, lump‑sum deposits, or periodic transfers. Catch‑up contributions are available for eligible accountholders aged 50 and over.
• Required minimum distributions (RMDs): The account follows IRS rules for RMDs beginning at the age specified by law, ensuring compliance while allowing you to plan withdrawals strategically.
• Account consolidation: Simplify retirement planning by rolling over balances from 401(k)s, 403(b)s, and other qualified plans into a single Traditional IRA.

How contributions and taxes work

Contributions to a Traditional IRA may be deductible from your taxable income for the year in which they are made, subject to IRS income limits and participation in employer‑sponsored retirement plans. While contributions can reduce current taxable income for eligible filers, withdrawals in retirement are generally taxed as ordinary income. Early withdrawals prior to age 59½ may be subject to income tax and an additional penalty unless an IRS‑approved exception applies.

Investment approach and risk management

A well‑constructed Traditional IRA balances growth potential with risk tolerance and time horizon. Associated Banc‑Corp offers tools to assess your investment profile and a menu of investment options to implement a diversified strategy. Regular portfolio reviews and rebalancing help maintain alignment with long‑term goals and adapt to changing market conditions.

Fees, transparency and account access

Associated Banc‑Corp aims for transparent fee disclosure so you understand the costs associated with fund expenses, advisory services, and transactional fees. Online account access and statements provide clear, timely information to monitor performance, contributions, and distributions. Before opening an account, review the fee schedule and product disclosures to select the arrangement that best meets your needs.

Important considerations

• Review IRS rules on contribution limits, eligibility, and required minimum distributions to ensure compliance and maximize benefits.
• Consider your overall retirement plan, tax situation, and estate planning goals when allocating assets between Traditional IRAs, Roth IRAs, and employer plans.
• Understand that investment returns are not guaranteed and that market volatility can affect account value, particularly for shorter time horizons.

Getting started

Opening a Traditional IRA with Associated Banc‑Corp is a practical step toward disciplined retirement saving. Begin by assessing your goals, estimating the amount you can contribute annually, and selecting an investment strategy consistent with your risk profile. Consider consolidating retirement assets for simplified management and take advantage of available guidance to put a plan in place that evolves with your needs.