IRA Services

Individual IRAs

• If you foresee the need for retirement income that is greater than what you will realize from your traditional IRA certificate of deposit, we offer IRAs with individualized investment management, designed to help bolster financial performance. In practice, an IRA management account is quite similar to a personal investment management account.

Rollover IRAs

If you're changing jobs or retiring, and about to receive a distribution from your employers retirement plan, a Rollover IRA will keep your distribution balance intact. As long as you do not take possession of the distribution, your money will not be subject to:

• 20% withholding
• 10% tax penalty
• current income tax

Just as important, it will keep its tax-deferred status. 100% of your payout money can continue to work for you, and a more secure retirement, without losing ground to taxes each year.

Contact us.

Investment products through Trust and Investment Services are not deposits or obligations of Chemung Canal Trust Company, are not guaranteed by Chemung Canal Trust Company, and are not insured by the FDIC, the Federal Reserve Board, or any other government agency.

Investment in these products involves risk, including possible loss of principal.