Individual Retirement Accounts

Saving for your retirement

In planning for retirement, there are a number of savings products available that can help you take saving into your own hands. Among these savings products are Individual Retirement Accounts. An Individual Retirement Account (IRA) is a savings product which allows you to save money for retirement in a way which can offer tax advantages. An IRA account set up at Bristol County Savings Bank can help you to save for retirement with tax-free growth, or on a tax-deferred basis.*

• Traditional IRA is a personal savings product in which contributions may be tax deductible.
• Roth IRA is a personal savings plan in which contributions are not deductible, but certain qualified distributions may be tax free.

At Bristol County Savings Bank, we offer both Roth and Traditional IRAs. If you think an IRA may be right for you, please reach out to your local Massachusetts or Rhode Island Bristol County Savings Bank Branch Manager or sign up online to open a CD.

If you have questions about how much money you can contribute to your IRA, deduction limits or rollover information, we recommend referring to the IRS.gov website for the most current information.

*This material is for informational purposes only, and is not intended to provide, tax or accounting advice. Please consult your own tax or accounting advisors before engaging in any transaction.