Pay yourself 1st with a high-yield
IRA
 Down the line you’ll need serious money for
your children’s education and your own retirement. So pay yourself
1st each month and build your savings now. Open one
or more federally insured, high-yield IRAs.
IRA
Savings Open it with $25 or
more, or a rollover or transfer from another
financial institution. Contribute to it any
time, or regularly through automatic payroll
deduction. Earn a competitive yield and save
on annual fees, since one $10 fee covers all
your Community 1st IRAs!
IRA
Certificates Earn higher yields with
IRA Certificates. Establish a Traditional,
Roth or Coverdell ESA, or any combination.
Open one or several with a new deposit, or
rollover or transfer.
You can
contribute up to $2000 annually in a
Coverdell ESA (Education IRA), $4000 in an
individual Roth or Traditional IRA or a
combination of both; double that in a
spousal IRA. If 50 or over, you can
contribute an additional $1000 as a catch-up
contribution. The amount of your qualified
contribution is based on your adjusted gross
income and the IRA(s) you select.
Contributions to a Traditional IRA are
usually tax deductible. Contributions to a
Roth IRA and Coverdell ESA are not, but the
earnings are tax-free. Ask your tax advisor
for details on contribution limits,
allowable deductions and help in determining
the right IRA(s) for you.
Total deposit
accounts per member insured to $100,000 by
NCUA, a US government agency. IRAs qualify
for additional federal insurance. Penalties
for early withdrawal. |
