This year’s income tax filing deadline is April 15, 2008. You have until then to contribute up to $4,000 to your Traditional or Roth IRA for 2007. (Individuals over age 50 by the end of the tax year may qualify to contribute an additional $1,000.) Contributions to a Traditional IRA may be deductible from your taxes. That might mean a bigger refund for you! Contributions to a Roth IRA are not deductible, but if you meet all the eligibility requirements, your distribution can be tax-free!
Don’t have a retirement plan yet?
At North Shore Bank we have a team of Investment Specialists to help you reach your retirement goals. Our experts will give you options and help you design a specific plan to best fit your retirement needs. A well thought out and executed plan is essential to help you maintain a more comfortable lifestyle during your retirement years. Let us assist you when facing these decisions by helping you make the proper choices.
For help in planning for your retirement, call Dan Morrow at (978) 573-1312, or click here for more information about our investment services.