Have you started saving for your retirement? Whether or not you are actively saving for retirement, it’s never too late to develop or refine your savings strategy. Learn more about your saving options with Liberty Bay's FA$Ttrack Planning For Retirement course.
Individual Retirement Accounts
At Liberty Bay, we offer three unique investment options to help you plan for your future. Our investment accounts have no annual fees, and all contributions and earnings are insured in full!
- Traditional IRAs
A traditional IRA can be a powerful tool in creating a balanced, long-term savings plan, offering tax-deferred earnings as well as tax-deductible contribution options.
- Roth IRAs
A Roth IRA offers more incentives to boost your retirement savings. Unlike traditional IRAs, contributions to a Roth IRA are never tax-deductible. However, the money in your Roth IRA, including earnings, can be withdrawn tax-free.
- Coverdell Education Savings Account (ESA)
Coverdell ESAs help you pay for your child's education expenses, such as tuition, fees, books, supplies, equipment, and in some cases, room and board and computers. Coverdell ESAs offer tax-free distributions and, unlike Section 529 plans, can be used for elementary and high school expenses at most public, private, and parochial schools.
Need more information?
One of our investment specialists would be happy to answer any of your questions. You can complete our inquiry form, or give us a call at (617) 439-6500.