Flexibility is the key word here. Not only a way to save for retirement, this option allows regular contributions to be withdrawn tax- and penalty-free after five tax years, giving the account holder the ability to purchase that first home or attain other financial goals. Unlike traditional IRAs, however, contributions are never tax-deductible. The contribution limits are the same as the traditional IRA. View IRA Certificate Rates
Open your Roth IRA with an IRA Share Certificate or an IRA Contributory Savings Account.
IRA Share Certificate
A deposit of $500 will get you started with this CD, earning a fixed dividend rate of return for a fixed period of time. Dividend earnings are tax-deferred, but keep in mind that penalties apply for most early withdrawals. View IRA Certificate Rates
IRA Contributory Savings Account
Dividend earnings are tax-deferred with this account, offering a variable dividend rate and the ability to make deposits or withdrawals at any time without penalty from Global Credit Union (IRS penalties apply for most early withdrawals). All it takes is $100 to open and you’re on your way to retirement savings. View Rates
Whatever your needs and goals are, check with your tax adviser or financial planner to make sure you’re making the most of your investment.
