OPPORTUNITY KNOCKS
with a Home Equity Loan or
Line of Credit.
The equity in your home can provide valuable borrowing power to consolidate debt, finance an education or home improvement project, or for any number of financial needs.
Learn more about our Home Equity options >>
Individual Retirement Accounts
IRAs are a great way to save for retirement because your savings grow tax-deferred until you withdraw funds. Brookline Bank offers three types of IRAs:
Traditional IRA
Contributions to a Traditional IRA are made with pre-tax dollars and are generally tax-deductible. Deductible contributions and earnings are taxed as ordinary income when you withdraw them. You may want to choose a Traditional IRA if you think you will be in a lower tax bracket at retirement.
Roth IRA
Contributions to a Roth IRA are made with after-tax dollars and therefore are not tax-deductible. Contributions and earnings are generally tax-free when you withdraw them. You may want to choose a Roth IRA if you think your tax bracket will be the same or higher at retirement.
Rollover IRA
Rollover IRAs allow you to consolidate funds from past employer plans such as 401(k) and maintain the tax-deferred status of the funds.
Visit us any Brookline Bank branch or call us at 877-668-2265 for help deciding which IRA is right for you. IRAs have complicated tax provisions so you may want to talk to your tax advisor about your IRA selections.
