Roth IRAs

A good decision now can pay off big time down the line.

You've made the first important retirement planning decision by deciding to open an IRA. But now you're trying to figure out if a Roth IRA is the best option. Here are two good reasons why they're popular. First, starting at age 59 ½ and after at least 5 years since the plan was opened, your money can be withdrawn tax-free. Roth accounts also permit you to withdraw money earlier - and without penalty - to buy a home, pay education costs or cope with a disability.

• Contribute up to to $7,000 per year if you're under age 50
• Contribute up to $8,000 annually if you're over 50
• Earn steady interest with a Retirement Savings account or CDs
• For most people, annual interest earnings are tax-exempt 
• No fees to open account, annual fees or commissions* 
• Deposits are insured by Federal Deposit Insurance Corp.*
• Access accounts with Online, Mobile or Telephone Banking*

Berkshire Bank is a full-service financial institution with branches in MA, CT, VT, NY, and RI.