When you’re saving towards your long-term retirement goals, an IRA is a smart way to grow your money for the future. Contact your tax advisor to determine which IRA makes the most sense for you.

Traditional IRA

Contributions to a traditional IRA are tax-deductible for income tax purposes, typically reducing your current tax burden. Transactions and earnings in the IRA are not taxed. When you reach retirement age, withdrawals, in most cases, are taxed as income.

Roth IRA

Contributions to a Roth IRA are not tax-deductible, but withdrawals are usually tax-free. A Roth IRA account provides an alternative to a traditional IRA with different requirements and limits.


A Simplified Employee Pension (SEP) IRA allows an employer (typically a small business or self-employed individual) to make retirement plan contributions into an IRA established in the employee’s name, rather than to a pension fund in the company’s name. Contribution limits are typically higher than with traditional IRAs.

Stop by any of our branches in Franklin or Hampshire County to find out more or to open an IRA.