Locations Login Individual Retirement Accounts (IRAs) IRAs are a great way to save for retirement because your savings grow tax-deferred until you withdraw funds.* Brookline Bank offers a range of IRA account types to meet your needs – all with the safety of FDIC insurance. 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. Learn more about a Traditional IRA 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. Learn more about a Roth IRA Rollover IRA Rollover IRAs allow you to consolidate funds from past employer plans such as a 401(k) and maintain the tax-deferred status of the funds. Learn more about a Rollover IRA SEP IRA Simplified Employee Pension (SEP) IRAs are designed to meet the retirement needs of small business owners and the self-employed. SEP IRAs allow larger tax-deductible contributions than traditional IRAs. Individual Retirement Account Details Traditional IRA Roth IRA Rollover IRA Will Your Retirement Savings Meet Your Spending Needs? Depending on the lifestyle you expect in retirement, your savings plan will vary. Use our Retirement Planning Calculator to view different savings and spending scenarios. IRAs have complicated tax provisions, so you may want to talk to your tax advisor about your IRA selections. Roth vs. Tradition IRA Which is Right for You? Our Roth vs. Traditional IRA calculator helps you compare possible retirement outcomes from investing in one versus the other. Try our Roth vs. Traditional IRA Calculator *Consult your tax advisor regarding your eligibility for these tax advantages. Home About Careers Customer Service FAQs Security & Privacy Contact Facebook LinkedIn © 2021 Brookline Bank. All rights reserved. Privacy Notice Agreements & Disclosures FDIC Insurance Member FDIC | Equal Housing Lender | NMLS ID #715671