Individual Retirement Accounts
Do you dream of a comfortable retirement? Relaxing with your loved ones, enjoying life's pleasures, doing all the things you've always wanted to do? Every dollar counts when you're saving for retirement. An Individual Retirement Account (IRA) is a smart way to maximize your savings:
- Unlike other savings methods, contributions1 to an IRA may be tax deductible2 and the tax paid on earnings deferred. That means all of your retirement savings stay in your account.
- If you're not taking advantage of an IRA, you may be missing out on an exceptional opportunity to accumulate tax-deferred monies that you will be able to enjoy during retirement.
- People are living longer. When you stop working the 9-to-5 grind, will you still enjoy a comfortable lifestyle? Don't just imagine your golden years. Plan for them now!
NECU encourages our members to look ahead and plan for a strong financial future -- and a secure, happy retirement -- with one of our Individual Retirement Accounts. It's never too early (or too late) to start planning and saving!
Other Products and Services to Consider
Click here for current IRA rates.
Northeast Credit Union has complemented the federal share insurance with an additional $250,000. This savings protection is available at no charge on all qualifying accounts through ESI, a private insurer. That could bring your protection up to $500,000. Make sure your accounts are set up so that you can take advantage of this extra protection by contacting us today.