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Personal Banking > Retirement

Personal Retirement1

Smart planning for the years ahead.

Whether you’re looking to save on your own or perhaps supplement your employer’s retirement plan, we’ve got you covered. Our IRAs offer:

Traditional IRA

Make tax-deductible contributions while allowing your earnings to grow tax-deferred until withdrawal in retirement.

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Roth IRA

Roth IRAs offer greater tax savings and withdrawal flexibility for the person who is not close to retirement age.

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Simplified Employee Pension IRA (SEP)

Business owners may establish a Simplified Employee Pension (SEP) retirement plan and contribute a certain percentage of each eligible employee’s compensation directly to the employee’s traditional IRA each year.

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Retire Wiser. Let
Salem Co-op Help.

Retirement planning doesn’t have to be confusing. Just give us a call, and we’ll help determine which course of action is best for you.

CONTACT US

Additional Resources

Personal Deposit Rates and FeesFDIC Insurance Estimator | Important Information about Opening Accounts | FDIC Video

1 Salem Co-operative Bank does not provide tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.

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