Are you financially prepared for retirement?
Be Prepared to Retire
Family and job responsibilities keep us busy for decades–so busy that time seems to pass like a dream. Retirement is the time to stop and smell the roses. Make sure you’re ready to be financially independent or retirement will become a time of worry and stress. Don’t wait until tomorrow to start thinking about retirement. The time to start saving is now, while time and the earning power of dividends is on your side.
- Spend More Time with Loved Ones. The more money you save for retirement, the earlier you can retire and spend more time with family and friends.
- Feel Accomplished. Setting a goal and hitting it makes you feel like a champ.
- Live the Dream. You probably have a bucket list of things you’ve wanted to do all your life. Retirement is the time to live your dreams! Start saving for those moments.
- Grow Money with Tax Benefits. Earn interest your savings, plus enjoy tax advantages.
Members are often surprised when they find out we offer retirement solutions. Whether you’re just starting out, rolling over an old 401k from a past employer or looking to get a tax advantaged contribution, we have a retirement specialist available to answer all of your questions to help make retirement a reality.
Generally, funds in your IRA, including earnings, are not taxed until they are distributed at retirement. You may be able to deduct some or all of your contributions to this IRA* on your tax return.
Coverdell Education IRAs
Offering many benefits to planning for the future, Coverdell Education IRAs have an annual contribution limits of $2,000. Tax on the earnings is deferred until the funds are withdrawn, and if used for qualified education purposes, the withdrawal can be tax-free*.
Contribution amounts for a Roth IRA are the same as the Traditional IRA. Because you are contributing money that has already been taxed, you do not get a tax deduction for the contributions, but your contributions can always be withdrawn without penalty. If certain requirements are met, qualified distributions of the earnings are tax free*.
*Consult Your Tax Advisor
Consult your tax advisor to determine your best options and applicability of tax benefits for your personal situation.
Individual Retirement Accounts Rates
|$100 - $24,999.99||.65%||.65%|
|$25,000 - $49,999.99||.65%||.65%|
|$50,000 - $74,999.99||.75%||.75%|
|$75,000 and over||.75%||.75%|
APY = Annual Percentage Yield. Minimum Opening Balance is $100.00.
IRA Term Share Accounts Rates
APY = Annual Percentage Yield. Minimum Opening Deposit is $2,500.00.
|Balance under $500||$5 per qtr|
|Account Closure Fee||$25|
|Other fees may apply. Refer to our full fee schedule for further information. Fees could reduce earnings on your account.|
Frequently Asked Questions
Are IRA accounts insured?
Individual retirement accounts (IRAs) and KEOGH accounts are insured separate from other accounts and up to $250,000 per institution, including principal and posted dividends.
Make Your Golden Years as Good as Gold
Retirement shouldn’t be a guessing game. Sit down and talk with us about your savings opportunities, and put yourself on the right track to financial independence!