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At Northfield, we want to help you plan for your future financial needs by offering Individual Retirement Accounts. IRAs are deposit vehicles that permit individuals to set aside funds for a secure future and retirement. IRA account holders are afforded the benefits of tax-deferred earnings, and, possibly, income tax deductions for contributions*.
Individual Retirement Accounts (IRAs) are retirement savings vehicles which allow individual taxpayers to make contributions to an account where earnings accumulate tax deferred until withdrawn. Opening a Northfield IRA is easy. Talk to a Personal Banker at your local branch and we will give you the one-on-one attention you need and deserve. All deposits are FDIC insured (maximums may apply) allowing a safe way to save for retirement.
The Roth IRA is a nondeductible account that offers tax-deferred earnings. Tax deferred earnings allow you to grow your retirement savings at a faster rate than taxable investments.
A Roth IRA also features tax-free withdrawals for certain distributions. This means that the money you withdraw does not need to be included as income at tax time.
Here are 5 reasons to consider a Roth IRA:
Realizing a secure retirement doesn't happen by accident. For most of us it takes a tremendous amount of planning and preparation. You worked hard most of your life, and you've earned the right to enjoy yourself. Speak to a Northfield representative today about opening an IRA today!
* Please ask the IRS or your tax advisor how the tax laws may affect you.