Smart IRAs
Do you have a clear path toward retirement? Bankwell wants to help you get there, and our retirement specialists are ready to discuss your IRA options. Roth and Traditional IRAs offer different tax advantages, which your tax advisor can explain in detail.
Traditional IRAs
A Traditional IRA allows you to make tax-deductible contributions now, with your savings growing tax-deferred until you make withdrawals in retirement, which are then taxed as ordinary income.
Roth IRAs
A Roth IRA lets you contribute after-tax dollars, with your investments growing tax-free and allowing for tax-free withdrawals in retirement.
To learn more about opening an IRA with Bankwell, visit your local branch.