'Tis the season to be jolly, shop 'til you drop, and spend time with family and friends. It’s also the time when many people get scammed by text, email, telephone, and especially when shopping online or in person! Don't engage with people or companies you don't know , and if someone tells you they are Mass Bay Credit Union, remember to disengage with them and call us directly at 617-269-2700 to confirm it is us.
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
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Funds grow tax free
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No tax on withdrawals in retirement
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Penalty-free withdrawals for certain expenses before retirement
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Not tax-deductible deposits
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Help save for a child's education expenses including tuition, fees, books, and supplies
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Nondeductible contributions that provide the potential for tax-free withdrawals
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Anyone with earned income can contribute to a child's ESA
