Saving for your tomorrow.
Key Features
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Competitive Dividends
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Tax Advantages1
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No Setup or Maintenance Fees
Competitive Dividends
Tax Advantages1
No Setup or Maintenance Fees
Saving for retirement is one of the most important financial steps you can take. And yes, the earlier you start, the better. But it’s never too late to start, either.
But how to save for retirement can be confusing, at best. At Family Trust, our goal is to help members make smart decisions and lead healthy financial lives — today and tomorrow. So, here’s some valuable information about IRAs and saving for retirement.
Do you need an IRA?
Even if you have access to a retirement plan at work, such as a 401k, an IRA is also a great option for you because it allows you to save for retirement with tax advantages too.3
If you’ve left a job and still have retirement savings with a previous employer, you may need to move those funds by doing an IRA rollover.
What type of IRA do you need?
There are several different kinds of IRAs available, all of which offer distinct tax and savings advantages.3 But, again, the details can get complicated. When you’re dealing with tax issues, that tends to be the case.
Below you will find links to details about the benefits of IRAs and different kinds that are available.2 But to make sure you get the right account for your needs, it makes sense to let the friendly folks at Family Trust help you. Because that’s what they want to do: help you. Especially when it comes to saving for retirement.
That said, it’s important that you open an IRA as soon as possible. The sooner you start saving for retirement, the better. It’s never too late though, either. So reach out to us and we’ll find the right account for your retirement saving needs.
Benefits of an Individual Retirement Account:
- Earn a competitive rate of interest on your retirement savings
- Easy to set up and contribute to3
- In most cases, contributions are tax deductible3
- Multiple options to choose from
- No opening, maintenance, or annual fees1,4
Types of IRAs:
1. Must meet Membership and eligibility requirements to open account.
2. Refer to the Account Rate Sheet for product type and terms offered.
3. Consult a tax advisor.
4. A $5 statement by mail fee applies to accounts without e-statements. E-statement enrollment is required. Fee is waived with Loyalty Checking, or if you are under age 18 or over age 60.