An Individual Retirement Account (IRA) is a popular way to supplement income in later years. By regulation, an IRA account must be maintained as a trust or custodial account at a qualified institution, such as a trust company, bank, or brokerage firm. There are several types of IRA accounts, including Traditional, SEP, Simple, and Roth. Generally, they can be funded by contribution (individual, employer), rollover, or transfer. Rules on contributions, required distributions, and income tax impact are governed by the type of IRA. The assets in IRAs can be professionally managed or self-directed by the IRA owner.
Investors who meet specific income criteria can contribute up to the annual limit to Roth IRAs each year. Any earnings on assets in a Roth IRA generally grow tax-free. Qualified account distributions also are tax-free, as long as certain requirements are met. Distributions are penalty-free after age 59 1/2. There is no minimum distribution requirement at age 72.
Roth IRAs may be attractive to investors who expect to be in a higher tax bracket during retirement, or those who prefer to preserve assets for later retirement years or future generations.
Individuals can contribute up to the annual limit to Traditional IRAs each year. These contributions may be tax-deductible. Any earnings on assets in a Traditional IRA generally grow tax-deferred. Taxes are paid when the investor takes distributions from the account. Distributions are penalty-free after age 59 1/2 and must begin by age 72.
Traditional IRAs may be attractive to individuals who expect to be in a lower income bracket during retirement, or those who prefer to defer taxes into retirement.
Investment Products are:
- Not Insured by the FDIC or Any Federal Government Agency
- Not a Deposit or Other Obligation of, or Guaranteed by, the Bank or Any Bank Affiliate
- Subject to Investment Risks, Including Possible Loss of the Principal Amount Invested
JANE GOBLE | Trust Officer | Vice President
Jane L. Goble, Trust Officer and Vice President is a veteran trust officer of financial institutions in Southwest Florida, most recently with BMO Harris Private Bank (formerly Marshall & Ilsley Trust Company) in Naples. She is a graduate of Cannon Trust School and is a past president of the Estate Planning Council of Southwest Florida, past member of the Board of Trustees of the Southwest Florida Community Foundation and has been a volunteer with the Lee County Bar Association.
REBECCA BELT, CTFA | Trust Officer | Vice President
Rebecca Y. “Becky” Belt, CTFA, Trust Officer and Vice President, has over 30 years of trust administrative and operations experience with wealth management institutions in northeast Florida. Becky began her career with Barnett Bank Trust Company and has since served in trust administrative positions with SunTrust Bank, First Guaranty Bank & Trust Company and CenterState Bank. She is a graduate of the Florida Bankers Association Graduate Trust School, holds the designation of Certified Trust Fiduciary Advisor (CTFA) and is a member of the Estate Planning Council of Northeast Florida.
MARK FORE | Senior Fiduciary Officer | Senior Vice President
Mark Fore, Senior Fiduciary Officer and Senior Vice President, has 25 years of experience in the private practice of law, the last 18 of which with Gray Robinson, P.A., in its Lakeland office. Prior to joining Cypress, Mark’s practice focused on the preparation and implementation of estate planning documents, including wills and trusts, probate, trust and guardianship administration, as well as dispute resolution and litigation matters in these practice areas. He is admitted to the Florida and Georgia Bars, and is a member of the Real Property, Probate and Trust Law section, and the Elder Law section of the Florida Bar. Mark has previously served as volunteer guardian ad litem for the 10th Judicial Circuit Court. He is also an active member and former president of both the Lakeland Rotary Club and the Lakeland Bar Association. Mark has an undergraduate degree from the University of Georgia and earned his Juris Doctor from Samford University’s Cumberland School of Law.
M. LISA AMOROSO, CTFA | Senior Trust Officer | Vice President
M. Lisa Amoroso, CTFA, Senior Trust Officer and Vice President, is a key fiduciary resource with an in-depth knowledge of fiduciary principals and applicable laws to assist clients in achieving their goals and help them manage, preserve, and transition their wealth. Prior to joining Cypress and for more than 30 years, Lisa has served as a Trust Advisor at large regional institutions. She has a bachelor’s degree in Political Science from the University of Central Florida and a bachelor’s degree in International Business from Rollins College. She is also a graduate of Florida Trust School and National Graduate Trust School and is a Certified Trust and Fiduciary Advisor (CTFA). Lisa serves as a Board Member for Central Florida Estate Planning Council and is a member of the Orlando Estate Planning Discussion Group.
MARIETTE BRODEUR, CAP | Trust Officer | Vice President
Mariette Brodeur, Esq., CAP®, Trust Officer and Vice President, has 25+ years of private, public policy and philanthropic sector experience with large organizations, government, and nonprofits. Mariette holds a B.S. in Political Science, a J.D., and is a Chartered Advisor in Philanthropy. Mariette supports and advises individuals, families, private foundations, not for profits and endowments regarding wealth transfer and management of trust funds. She serves on the Board of the Planned Giving Council of Northeast Florida, as Governance Committee Member of Beaches Emergency Assistance Ministry, and is a Member of the Estate Planning Council of Northeast Florida.
ANITA CALABRO | Trust Officer | Vice President
Anita D. Calabro, Trust Officer and Vice President, joined Cypress Bank & Trust in 2012. She previously spent 15 years in the legal and financial services industry with roles at Regions Trust, where she managed trust relationships for high-net-worth families, and at Wachovia Wealth Management where she administered personal trusts. Anita holds a Bachelor of Science degree in Business Administration from Capella University, an Associates of Arts degree in General Studies and an Associates of Science degree from Eastern Florida State College. She has also completed course programs at Cannon Trust School and Graduate Trust School.
Alina Mitroi | Junior Trust Officer | Vice President
Alina Mitroi, Jr. Trust Officer and Vice President joined Cypress Bank & Trust in 2022. Prior to joining Cypress, Alina managed trust relationships for Ultra-High Net worth clients for Bank of America Private Bank for 6 years. Her career includes 11 years with Wachovia Bank Wealth Management where she administered trusts and estates. She graduated from Florida Atlantic University with a major B.S. in International Business and a Certificate of Corporate Financial Management. Additionally, she completed the Certified Financial Planner Program from Barry University. Alina has lived in Florida most of her life and is married to her husband Adrian. In her spare time, she enjoys cooking, hiking and is also an avid beekeeper.
JOE PAULDINE | Market Executive | Senior Vice President
Joseph C. Pauldine, Market Executive and Senior Vice President, joined Cypress Bank & Trust in 2004. Joe has served in various roles within the company including Vice President of Marketing and Sales and Channel Marketing Specialist. Prior to joining Cypress, he spent 13 years in sales and marketing positions with MCI, now a part of Verizon. Joe holds a Bachelor of Science degree in Marketing Management from Old Dominion University with additional course work in Mathematics and Statistics.
KEN R. THOMPSON, JR, CTFA | Senior Trust Executive | Senior Vice President
Kenneth “Ken” R. Thompson, Jr., CTFA, Senior Trust Executive and Senior Vice President, is a 36-year veteran of the trust and investment management industry. Mr. Thompson’s experience and background includes management roles at several legacy banks including SunTrust, First Union, Wachovia, and Wells Fargo. Mr. Thompson attended the Southern Trust and Canon Trust School and has the Certified Trust and Fiduciary Advisor (CTFA) designation. He received a BS in Management from Georgia Tech. He serves on the Board of the Planned Giving Council of Northeast Florida, the Estate Planning Council of Northeast Florida, the Catholic Foundation for the Diocese of St. Augustine, and additional philanthropic organizations in Northeast Florida.
GINA RALL, CPA | Senior Trust Officer | Vice President
Gina H. Rall CPA, Senior Trust Officer and Vice President, has more than 27 years of specialized knowledge in individual estate & trust taxation, fiduciary accounting and administration for trusts and estates with a special interest in eldercare & special needs trusts. She has been court appointed in many counties to serve as an independent trustee, curator, personal representative and/or guardian of property. Ms. Rall earned a B.S. in Accounting from the University of Central Florida and is a Certified Public Accountant registered and licensed in Florida. She is a member of the American Institute of Certified Public Accountants (AICPA) and the Florida Institute of Certified Public Accountants (FICPA). She also serves as treasurer of Brevard County’s Early Steps (CATCH), is a member of Brevard County Estate Planning Council, and as a volunteer for Brevard County Special Olympics Brevard.
ELIZABETH WAGNER | Senior Trust Officer | Vice President
Elizabeth Wagner, Senior Trust Officer and Vice President, has over 40 years of experience in banking, trust, and investments in the Palm Beach market. She began her banking career with Bank of Palm Beach & Trust Company, which was acquired by First Union/Wells Fargo. Elizabeth held a private banking position with Harris Bank prior to joining Cypress Bank & Trust in 2004. She currently serves as the Chairperson of the Cypress Bank & Trust New Accounts Committee. She is a graduate of Towson University, the Florida School of Banking, and the Florida Graduate Trust School. Elizabeth is a member of the Rehabilitation Center for Adults and Children Professional Endowment Committee.
Providing for the financial future of family, non-profit organizations, or foundations is an intrinsic value. It is one that creates a sense of accomplishment. We’ll work with you to protect and manage your assets by creating customized investment strategies, serving you during estate settlement, and as an administrative trustee for clients already committed to an investment plan.