IRAs are designed to provide you with long-term tax-advantaged savings for retirement. You can choose between a Traditional IRA, a Roth IRA or an Educational IRA. Each option has particular features that allow you to make the most of your tax savings and both are FDIC insured to the maximum permitted by law. Speak with a Belmont Savings Bank representative to learn more about our options and to determine which IRA type is right for your financial goals.

Traditional IRA*

• Contributions may be tax-deductible 
• Earns tax-sheltered interest until distribution

 Roth IRA*

• Provides for taxable contributions, but tax-free distributed earnings
• Offers the flexibility of early withdrawal without penalty under certain circumstances 

Educational IRA*

• Tax-free withdrawals for qualified educational expenses
• Contribute up to $2,000 per year until the child reaches the age of 18

^{* Always consult with your tax advisor}

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