IRA Retirement Accounts (IRAs)
Have you checked your IRA recently? Americans
have stashed trillions of dollars in IRA and 401(k) retirement plans but
too many of us leave them alone and forget about them.
Unfortunately, that's not the best way to grow a retirement nest egg.
The key to getting the biggest bang for your buck is asset
allocation. The right mix of stocks, funds, bonds, cash and other
investments should balance risk and return in a portfolio. You need to
diversify with Diversified Credit Union!
Ask our IRA specialists which type of account will work best for you.
A share savings account for IRA investments has no minimum deposit and earns dividends. Both traditional and Roth IRAs are available.
Dividends are calculated on your average daily balance and paid to this
account semi-annually.
IRA Certificate of Deposit
This tax deferred savings program features
a low minimum deposit requirement, terms and interest rates similar to
our traditional Certificates of Deposit. The rate is locked in for the
full term of the deposit. Upon CD maturity, the funds are automatically
transferred into your IRA account.
APYs are based on the required minimum
deposits and interest is compounded quarterly. Loss of interest
penalties apply to certificates redeemed prior to maturity.
Member
deposits into retirement savings accounts are federally insured up to $250,000 by the National
Credit Union Administration.
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Planning for Retirement
How much should you be saving for your retirement? Select the retirement
goal you're aiming for. The resulting chart shows the value of your
retirement portfolio according to your savings each month.
I plan to retire in 10 years
I plan to retire in 20 years
I plan to retire in 30 years
I plan to retire in 40 years
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