“Personal

Individual Retirement Accounts (IRAs)

At Athol Savings Bank, we’re here for you for a lifetime!

As you plan ahead for your approach to retirement, count on ASB to explain the in’s and out’s of the Individual Retirement Accounts (IRAs) available – in terms that you can understand and that fit your needs!

Traditional IRA Term Deposits

Traditional IRA Term Deposits offer tax-deferred retirement savings in a fixed term account. With an ASB Traditional IRA Term Deposit account, this means your earnings aren’t taxed until you begin to take distributions; earnings may be contributed to the account until age 70.5, as long as you have earned income.

ROTH IRA Term Deposits

ROTH IRA Term Deposits provide tax-free retirement savings in a fixed term account. With an ASB ROTH IRA Term Deposit account, this means your earnings are tax-free when you begin to take distributions; earnings may be contributed at any age as long as you have earned income.

SEP IRA Term Deposits

SEP IRA Term Deposits involve a retirement plan established by the employer for the employee in a fixed term account. With an ASB SEP IRA Term Deposit account, ASB’s retirement team will work with you and your employer to interpret the policies governing your plan, 100% of the way!

IRA Statement Savings

IRA Statement Savings offer variable rate IRA savings that allows contributions anytime up to the annual contribution limits. With an ASB IRA Statement Savings account, you can choose between Traditional, ROTH, or SEP IRAs.

Click here for a side-by-side comparison of ASB’s IRA offerings available.

Click here to access the Internal Revenue website for more information on IRAs.

Questions?

At Athol Savings Bank, we’re here for you! If you’ve got questions, we’ve got answers.

We’re here to discuss your questions, suggestions, and concerns at your convenience; and, we always look forward to talking with you. Contact us today!