Build Your Future on Your Terms
Whether you’re just getting started or looking to maximize your long-term savings, an Individual Retirement Account can help you grow your money with flexibility and potential tax benefits.
Individual Retirement Account Options
Traditional IRA
Roth IRA
SEP IRA
SIMPLE IRA
Why choose an ira
Put Tax Advantages on Your Side
With consistent contributions and time, your IRA can benefit from compounding growth, helping your savings build momentum year after year.
- Tax advantages that can help your savings grow faster.
- Flexible contribution options based on your income and goals.
- Wide range of investment choices.
- Control over your retirement strategy.
- Potential for long-term wealth building.
We Are Here to Help.
Have a question about IRAs, loans, digital banking, or the right next step?
Our team is ready to help you get where you need to go.
Meet Our Financial Team
Stephan Scribner, CFP®
Osaic Institutions Financial Advisor*
BSNB Financial Services
990 State Route 67
Ballston Spa, NY 12020
Cameron Bleibtrey
Osaic Institutions Financial Advisor*
BSNB Financial Services
990 State Route 67
Ballston Spa, NY 12020
Michael Ciarlo
Osaic Institutions Financial Advisor*
BSNB Financial Services
990 State Route 67
Ballston Spa, NY 12020
Frequently Asked Questions
A Traditional IRA and a Roth IRA both help you save for retirement with tax advantages, but they work differently. We recommend speaking with your tax advisor to determine what type of IRA is best for you. Call 518-885-6781 or visit any Ballston Spa National Bank branch location to get started.
A Traditional IRA and a Roth IRA both help you save for retirement with tax advantages, but they work differently. We recommend speaking with your tax advisor to determine what type of IRA is best for you. Call 518-885-6781 or visit any Ballston Spa National Bank branch location to get started.
Yes. IRA deposits held at Ballston Spa National Bank are FDIC-insured up to $250,000 per depositor, per ownership category – separately from your other BSNB deposit accounts. That means your retirement savings are protected by the full faith and credit of the U.S. government, regardless of what happens in the stock market. BSNB is a Member FDIC institution.
Yes. If you’ve left a job or are retiring, you can roll over your 401(k) or other employer-sponsored retirement plan into a BSNB IRA. A Financial Advisor can walk you through the process and help you avoid common rollover mistakes. Call 518-885-6782 6781 to get started.
To understand what IRA distribution rules apply to you, we recommend visiting the retirement plans page of the IRS website: https://www.irs.gov/retirement-plans.
Money Market & CDs
BSNB money market accounts and certificates of deposit offer higher returns without sacrificing security. If you have funds you won’t need immediately, put them to work.
- Tiered interest rates: the more you save, the more you earn.
- A range of terms lets you lock in a guaranteed rate.
- Fixed CD rates are unaffected by market swings.
- Local support that can help you maximize your return and ladder CDs.
Go Further With BSNB
Explore products and services that support you in every stage of life.
* Investment and insurance products and services are offered through OSAIC INSTITUTIONS, INC. Member FINRA/SIPC.BSNB Financial Services is a trade name of Ballston Spa National Bank. OSAIC INSTITUTIONS, INC. and Ballston Spa National Bank are not affiliated. Products and services made available through OSAIC INSTITUTIONS, INC. are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. These products are subject to investment risk, including the possible loss of value.
Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, Certified Financial PlannerTM and CFP® in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
