Connecticut Retirement Services | IRA & Life Insurance for Retirement

Kirk Bamford, Owner of Danbury Sports Dome

Plan for a future of greater financial security with IRA options tailored to fit your lifestyle.

Savings Bank of Danbury can help you navigate the road toward retirement with Individual Retirement Accounts* (IRAs) that offer different tax advantages. Create an investment strategy that enables you to reach your financial goals so you can enjoy your retirement years.

IRAs

Traditional IRA

Earnings grow tax-deferred until you withdraw your funds at age 59 1/2
Choose from many of our Certificates of Deposits to begin investing in your IRA
Contributions may be tax-deductible (consult your tax advisor)
You can transfer money from other IRAs into a Savings Bank of Danbury Traditional IRA

Roth IRA

Contribute after-tax dollars and enjoy tax-free earnings when you withdraw after age 59 1/2 and after you've held the account for at least five years
Choose from many of our Certificates of Deposits to being investing in your IRA
You can transfer money from other IRAs into a Savings Bank of Danbury Roth IRA

*You must be under age 70 1/2 to open and contribute to an IRA. Contributions may be deductible or non-deductible from income tax based upon income levels and your participation in an employer sponsored retirement plan. Earnings on IRA contributions are tax deferred until time of withdrawal. The maximum annual contribution to all IRAs cannot exceed $7,000.