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IRA - Retirement Accounts | Bashas' Associates Federal Credit Union
retirement ira

Individual Retirement Accounts

Put $5,000 into an individual retirement account or Roth IRA tax shelter

If you’re over 50, put in $6,000. And make sure your spouse does too. IRAs are a great deal. A regular IRA works much like a 401(k) — your contribution may cut your taxable income, and grows tax-free inside the shelter, but it’s taxable income when you take it out. In a Roth, you contribute after-tax dollars, but then it’s tax-free forever.

Contact us to review your retirement options to make the most of your financial future.

National Credit Union Administration
National Credit Union Administration Your savings is federally insured to at least $ 250,000 and backed by the full faith and credit of the United States Government.

Visit the NCUA to learn more.

 

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