Catch-Up Contribution

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It's a good time to put something extra into your IRA

Retirement is right down the road. Make sure you're ready.

The fact is, many people underestimate how much savings they'll need to live comfortably after they stop working. The good news is adults over age 50 are allowed to contribute additional funds to their IRAs. It's a good idea to accelerate your savings so your retirement account will be just as full as you need it to be. 

  • In 2023, invest up to $7,500 per year in your IRA if you're 50 or older
  • Choose from CDs, Retirement Savings and other investment options
  • Get tax advantages from both Roth and Traditional IRAs
  • No commissions or fees* to open
  • No annual fees*
  • Accounts are FDIC insured*
  • Access to account information with Telephone Banking*
* Applies to Berkshire Bank funds only

Think Forward

Tools to help you get ahead