Give a big boost to your future. Take a big bite out of your taxes.
When it comes to saving for retirement, financial experts agree that the earlier you start, the more you'll end up with, and the better off you will be. A Berkshire Bank Traditional IRA is a great place to start, as it gives you several options on how to invest your money and offers a number of potential tax advantages.
- Invest up to $6,500 per year (over age 50 and catch up of $1,000.00 is permitted) The maximum limit for individuals over 50 years of age is $7,500
- Choose from CDs, Retirement Savings and other investment options
- Investment interest grows tax-free
- Potential annual tax breaks for each year funds are contributed
- No commissions or fees* to open
- No annual fees*
- Accounts are FDIC insured*
- Access to account information with Telephone Banking*