Discover easy ways to prepare for retirement. No matter how near or far off it is.
We're right there with retirement being something you look forward to. And we've got the resources to help you get there, no matter where in the journey you are. Read the helpful resources on this page, and let us know when you're ready for a conversation. Talking to an expert about your retirement now is a great place to start.
Get help bringing your vision of the future into clearer focus.
Savings IRAsLooking to lock in a guaranteed return for a set number of months or years? IRAs from Middlesex Savings Bank are FDIC insured and offer interest-bearing CD or money market savings account choices. 1
Looking for a full range of investment choices? Open an IRA from Middlesex Financial Group and choose from a wide variety of stocks, bonds, ETFs, and mutual funds. 2
Learn what you need to know about your retirement options.Wherever you are in life, Middlesex Savings Bank1 and Middlesex Financial Group2 are right here with valuable retirement tools and insights.
Don’t wait for retirement to catch up to you: Retirement Planning in Your 20s and 30s
Financial Planning in Your 40's
Winning at Retirement Catch Up: Retirement Planning After 50
- First, look for help on the IRS website. The IRS site offers comprehensive rules on distributions from IRAs, and it’s a good first resource to consult.
- Your next move is to contact your IRA custodian. They can help explain your options and help you determine what might be best for your individual situation.
- An IRA—either a traditional or Roth—often offers greater investment choice and flexibility.1,2
- Working together, a 401(k) and an IRA can help you maximize both your savings and your tax advantages.1,2
2. Since people in their 20s and 30s tend to make less than they do later in life, they’re ideally suited for Roth IRAs. A Roth account is funded with after-tax dollars, making future withdrawals tax-free. Roth investments are unique in that contributions are taxed upfront. This offers the advantage that what’s left may grow exponentially with compound interest over time, and you won’t have to worry about taxes on the back end.1,2
3. There are income limits for a Roth IRA, making it more likely that younger workers are eligible to contribute.1.2
Ready to learn more or get started? We're right there with helping you feeling confident and ready.
Middlesex Savings Bank:
1All accounts subject to approval. This material has been provided for general informational purposes only and does not constitute either tax or legal advice. Individuals should consult with a tax or legal professional regarding their individual situation.
Middlesex Financial Group:
2Check the background of this investment professional on FINRA's BrokerCheck »
This material has been provided for general informational purposes only and does not constitute either tax or legal advice. Investors should consult with a tax or legal professional regarding their individual situation.
Strictly intended for individuals in: CT, FL, MA, MD, ME, NC, NH, RI, TX, VT. No offers may be made or accepted from any resident outside these states due to various state and registration requirements regarding investment products and services.Not FDIC Insured | Not Bank Guaranteed | May Lose Value | Not Guaranteed by any Government Agency | Not a Bank Deposit
Middlesex Financial Group is not a registered broker-dealer or Registered Investment Adviser. Middlesex Financial Group and Commonwealth are separate and unaffiliated entities of one another. Fixed insurance products and services offered by Middlesex Financial Group are separate and unrelated to Commonwealth Financial Network.