IRA Share Account

An IRA Share Account is a good choice for long-term retirement planning. You don't pay taxes now when your income is high. At retirement, you are able to take out your funds or roll them over into another option. Taxes paid then are considerably less, since your income will be less.

Here are some facts about traditional IRAs:

	You must be under age 701/2 to be eligible for a traditional non-deductible IRA.
	Non-working spouses can now make fully deductible contributions to an IRA, even if their spouse participates in a retirement program, as long as their joint income does not exceed $150,000.
	You may invest up to $2,000 each year for singles and $4,000 for married couples filing jointly.
	You may be able to withdraw money before age 591/2 without a penalty to purchase a first home (up to $10,000 maximum) or pay qualified costs of higher education.

IRA Share Account dividends are based on a variable rate and are posted to your IRA Share Account monthly. Our current rates for IRA Share Accounts are posted in this web site.

When planning your retirement or investment future, be sure to consider these higher yield certificates. They can be rolled over at the end of their term into other IRA options, so start planning now.

Remember that early withdrawals do incur penalties.

For more information about IRAs, speak to your financial advisor. Contact your credit union to open your IRA today and start saving for tomorrow.