Summer can be a fun and busy time of year in New England. Remember: don't let your guard down! It's also the time of year when fraudsters are alive and well and attempting to gain access to vulnerable individuals. If someone calls, texts, emails, or looks over your shoulder at an ATM, beware! Mass Bay Credit Union will never call, text, or email you in search of your private or account information. If you think someone is trying to scam you and they say they are MBCU, hang up, don't reply and don't open attachments! And then, call us at 617-269-2700 and let us know. Have a fun summer!
xIndividual Retirement Accounts
It’s Never Too Late to Plan for Retirement
We Offer a Variety of Individual Retirement Accounts
- Tax-deductible deposits up to federal limits
- Tax is deferred until you retire
- Save on taxes by withdrawing later when your income is lower
- Easy to open and maintain
-
Funds grow tax free
-
No tax on withdrawals in retirement
-
Penalty-free withdrawals for certain expenses before retirement
-
Not tax-deductible deposits
-
Help save for a child's education expenses including tuition, fees, books, and supplies
-
Nondeductible contributions that provide the potential for tax-free withdrawals
-
Anyone with earned income can contribute to a child's ESA
