At Northfield, we want to help you plan for your future financial needs by offering an Individual Retirement Account or IRA. IRAs are investment vehicles that permit individuals to set aside funds for a secure future and retirement. IRA account holders are afforded the benefits of tax-deferred earnings, and, possibly, income tax deductions for contributions. *

Traditional IRA
With a Traditional IRA you may receive a federal tax deduction for the amount that you contribute during the tax year. Earnings are also tax-deferred until you begin receiving distributions.

Roth IRA
The Roth IRA is a nondeductible account that offers tax-deferred earnings. Tax deferred earnings allow you to grow your retirement savings at a faster rate than taxable investments.

A Roth IRA also features tax-free withdrawals for certain distributions. This means that the money you withdraw does not need to be included as income at tax time.

Opening a Northfield IRA is easy. Talk to a Personal Banker at your local branch and we will give you the one-on-one attention you need and deserve. All deposits are FDIC insured (maximums may apply) allowing a safe way to save for retirement.


* Please ask the IRS or your tax advisor how the tax laws may affect you.