Individual Retirement Accounts

What does the future have in store for you?

Through a well-planned investment strategy, the future can be very fulfilling without requiring big sacrifices along the way. That’s where a Mills42 Individual Retirement Account can help. We offer two different types of IRAs to help you reach your retirement goals no matter if you’re still decades or just a few years away.

Our Traditional IRA offers a tax deferral on your qualified contributions. For example, if you make $35,000 a year and you contribute $1,000 of that to your Traditional IRA, the Internal Revenue Service will only tax you on $34,000. Taxes are then paid on all earnings when you withdraw your money at retirement age.

A Roth IRA does not offer a tax deduction up front like a Traditional IRA, but earnings on your Roth IRA may be completely tax-free when you withdraw that money upon reaching retirement age.

It’s never too early or too late to start planning for retirement. There are terms and conditions that apply, but come in and talk with us about which option is best for your individual retirement goals. We’ll help you put together a plan and get it into action.

Not a member yet? We’ll take care of that for you as you’re opening your account or taking out a loan. If you want to get a jump-start, enroll online or just give us a call at 978.328.5100. We’ll be happy to help you build from here.