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Worried about retirement?
Maybe it is time to start getting ready for retirement so you don’t need to worry.
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The earlier you start saving the more time your contribution
has time to grow.
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You can withdraw up to $10,000 penalty-free from an IRA to purchase
your first home. |
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Some great tax advantages are available with an IRA savings such as
a tax deduction, tax-deferred earnings, tax-free withdrawals, and a Savers Credit*. |
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You should not depend on Social Security existing when you retire;
an IRA will help prepare you if it does not. |
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Did you know?
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The contribution limit is $5,000 per year. |
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You can take penalty-free withdrawals for qualified higher education purposes
for you, your spouse or children. |
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Some great tax advantages are available with an IRA savings such as a tax
deduction, tax deferred earnings, tax-free withdrawals, and a Savers Credit*. |
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Did you know?
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IRAs are federally insured
up to $250,000 by the NCUA. |
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The contribution limit for
individuals age 50 and greater is $6,000.
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IRA CDs can lock in higher rates for larger balances. |
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Most investment companies charge annual maintenance fees, while UECU does
not. |
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January 1, 2011
First day to contribute money to your Traditional and/or Roth IRAs for 2011.
- The maximum contribution is $5,000
($6,000 for those over the age of 50)
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December 31, 2011
Last day to convert a Traditional IRA to a Roth IRA for 2011.
Last day in 2011 to receive a Required Minimum Distribution from your Traditional IRA. (For
IRA owners who have reached age 70 1/2 or older.)
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