Retirement Accounts
Will you be financially prepared for your retirement? Even if you are already saving through other means, such as a retirement plan at work or a 401(k), an Individual Retirement Account could be a valuable addition to your retirement savings plan.
A traditional IRA offers tax-deferred earnings, and for some individuals, the ability to take a deduction each year. A Roth IRA offers tax-free earnings if certain rules are followed. Contributions to a Roth IRA are not deductible, but any contribution to a Roth IRA may be withdrawn tax free. Roth IRA interest earnings are tax free if withdrawn as a qualified distribution. Education IRAs are also available at HarborOne. Check with your tax advisor for the best plan for your needs.
- IRA deposits are fully insured regardless of balance
- Funds from other IRA plans or employer retirement plans may be consolidated into a HarborOne IRA
- Easy roll-over process
- No transfer or maintenance fees
- Invest your IRA in a high-yield CD, a tiered-rate Money Market IRA, or an IRA Savings Account
- Receive an annual combined statement for all your IRA accounts
