IRAs

At Severn Savings it's our goal to help Anne Arundel families meet their financial goals, and reaching a happy and secure retirement is always at the top of the priority list. We help our customers plan for the golden years with a variety of offerings, including: traditional Individual Retirement Accounts (IRAs) and Roth IRAs (that are potentially tax free). Stop in today to find out how we can help you open a Severn IRA by rolling over funds from an existing retirement account or workplace retirement plan.

Long-term savings goals can be as much about education as they are retirement. Severn offers Coverdell Education Savings Accounts (ESAs). These flexible accounts help parents save for a variety of issues including college tuition or private high school tuition. The funds can even be used to pay for after school tutoring. These accounts offer tax-free distributions and tax-free earnings. Education can be expensive, but it's nothing compared to the need for it.

Stop in to Severn Savings today and let us show you how you can achieve your life goals in the smartest tax-free or tax-deferred way.

Consult your tax advisor or financial planner before opening an IRA or rolling over funds.