Individual Retirement Accounts (IRAs)
Individual Retirement Accounts (IRAs) were created to offer people a way to save for retirement and take advantage of certain tax benefits.
There are a variety of types of IRA accounts that members may choose to open:
• Education (Coverdell)
Although you can't deduct your entire IRA contribution on your income taxes, the dividends earned in this account are deferred until withdrawn. You can make small payroll deductions each week, which will build up to large amounts of money over time. Starting your retirement savings early can help you avoid straining your cash flow when taxes are due. Check with your tax preparer or adviser for more information about possible tax benefits.
You can invest in an IRA Payroll Account or an IRA Term Share Certificate. With a payroll account, you can have your savings withdrawn from your paycheck and deposited directly into the retirement fund; it’s that easy!
VIEW IRA DIVIDEND RATES