Both the Traditional IRA and Roth IRA grow tax-deferred and are allowed to have automatic distributions. All of our retirement options come with the expertise and guidance of a knowledgeable North Shore Bank IRA Professional. Use our Roth IRA Conversion Calculator to see if you should convert.
Traditional IRA
Anyone under the age of 70 with earned income who wants to save money for their retirement with this account that allows their money to grow tax-deferred until retirement age.
What's in it for you?
- Contributions may be tax-deductible*
- Can be consolidated with other personal IRAs
- North Shore Bank Certificates of Deposit are FDIC insured
Roth IRA
Anyone, any age, with earned income who wants to save money for retirement, especially those who earn an income that exceeds the limits set for Traditional IRA deductibility, and wants the ability to withdraw the money tax-free.
What's in it for you?
- Earnings may be able to be withdrawn tax-free*
- Can be consolidated with other personal IRAs
- North Shore Bank Certificates of Deposit are FDIC insured
- No requirement to withdraw a minimum amount at any age
