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We’re here to listen and help you to choose savings options that give you the support you need and the retirement you deserve. Whether it’s getting better educated about our IRAs or walking you through the process of setting up an SBLI® annuity, we never forget that your retirement is unique and so are the steps for getting there.

Traditional IRAs

Our IRAs can be a great choice for your retirement savings goals. Choose a Traditional IRA for tax-deferred retirement savings. Or, go with a Roth IRA and withdraw your money tax-free. Your Traditional IRA earnings are tax-deferred, so you can feel confident that your money is growing each day in an FDIC and DIF insured product.

The finer points:

  • Funds can be invested in a variety of savings vehicles, depending on your need
    • Fixed interest rates available for Retirement CDs
    • Flexibility with a Retirement Performance Money Market account
  • IRA balances count towards monthly fee waiver on our Performance and Performance Plus checking accounts1.

1Monthly fee waived if your combined checking, savings, money market, CD, IRA, or consumer loan balances are $10,000 or greater. 

Member FDIC | Member DIF

 

Roth IRA Contribution Details

  • Tax is paid at the time of contribution
  • Earnings accumulate tax-free and are not taxed when distributions are taken
  • Funds can be invested in a variety of ways, based on direction

Visit a branch or call 888.418.5626 to find the IRA that’s right for you.

Member FDIC | Member DIF

SBLI Optimizer MVA Annuities

You can think of our annuities as a safety net for your future. They give you extra retirement income, and all sorts of other good things. You get savings that generally grow tax-deferred, guaranteed income, and the confidence that you found an annuity that was designed just for you.

The finer points:

  • No annual fee
  • Flexible payout options
  • No annual income limitations
  • Rate locks for up to 5 years
  • May be used for Traditional or Roth IRAs
  • Annuity balances count towards monthly fee waiver on our Performance and Performance Plus checking accounts.1

For more information, contact an SBLI Customer Service Representative at 800.694.7254.

The Savings Bank Life Insurance Company of Massachusetts. Woburn, MA. NAIC #70435. Form series # B-410. Products and features may not be available in all states. Annuity products are not guaranteed by a bank. They are not a deposit. They are not FDIC insured, nor are they insured by any federal government agency. Guarantees are backed by the financial strength and claims-paying ability of SBLI. This product may lose value. Approved for Consumer Use.1

 

 

 

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