Individual Retirement Accounts
Retirement accounts are one of the most convenient methods of saving for your future with the added benefit of deferring a portion of your taxes. Contributions to a Traditional IRA are tax deductible for many people – in full if you or your spouse do not participate in an employer plan. If either you or your spouse is covered under an employer plan then a portion of your contribution may still be deductible, depending upon your income. But regardless of your income, all earnings are tax deferred until distributions begin. If you are under 70 1⁄2 years of age with an earned income, this may be the product for you. Roth IRAs
Contributions to a Roth IRA are not tax deductible. Funds may be withdrawn after age 59 1⁄2 without penalty and tax free provided the account has been opened for a minimum of 5 years. SEP Plans
SEPs are another type of retirement plan for businesses or self-employed individuals. This plan gives employers a method of providing retirement benefits without the complexities of a qualified plan. For more information on any of our Individual Retirement Accounts, please call our Retirement Service Manager at 781 963-2100 or 1-877-963-2100 outside Massachusetts. | 
