At Haddon Savings Bank, you can choose from a Traditional IRA or a Roth IRA.

Traditional IRA

With a Traditional IRA, you can accumulate retirement funds with the benefit of tax-deferred growth. Many individuals pay less tax through this savings tool.

Roth IRA

Roth IRA contributions are after-tax, but growth is tax-free. Once you put your money in, you never pay taxes again as long as you keep your funds invested for the minimum required period of time. It offers simpler distribution requirements; since you have already paid taxes up front, there are no minimum distribution requirements. Since withdrawals are not reportable income, they won’t affect your adjusted gross income during retirement. Please speak with your tax advisor to determine which type of IRA is best for you.

The Haddon Savings Bank IRA program meets and follows all federal and state guidelines. Check with your nearest Haddon Savings Bank branch for current rates – Locations & Hours.