Individual Retirement Accounts
Shore Community Bank helps you plan for your future financial needs by offering Traditional Individual Retirement Accounts (IRAs). IRAs are investment vehicles that permit individuals to set aside funds for a secure future and retirement. IRA account holders are afforded the benefits of tax-deferred earnings, and possibly, income tax deductions for contributions. Due to innovative changes in the tax law, this type of account can be a useful tool for first time home buyers, education and certain medical expenses.
Opening a Shore Community Bank IRA is easy. Come into one of our local branches and we will give you the one-on-one attention you deserve. All deposits are FDIC insured (maximums may apply), allowing a safe way to save for retirement.
*Please consult the IRS or your tax advisor how the tax laws may affect you.