Start Saving for Your Retirement
At NSB Bank, we offer individual retirement accounts (IRAs) that allow you to start saving more effectively for your retirement. We offer both Traditional IRAs and Roth IRAs for you to choose from. Contact your local NSB Bank office to discuss your IRA options and which account is the right choice for your retirement savings strategy.
Your Retirement Account Options at NSB Bank
Retirement Account | What You Need to Know About This IRA |
|---|---|
Traditional IRA | Great way to supplement a personal retirement plan Persons under the age of 70 – for the entire year with earned income, are eligible to contribute Earnings grow tax-deferred Annual contributions may be tax-deductible |
Roth IRA | Powerful combination of retirement savings tax benefits Persons of any age are eligible if they meet certain income criteria Contributions are not tax-deductible Earnings grow tax-free No tax or penalties on qualified withdrawals |
*Consult your tax advisor