Preparing for a Wealthy Retirement

It’s never too early to start thinking about retirement. The earlier you start saving, the more you have to play with later. We’ve got a few options to help you make the most of your retirement years.

We offer Individual Retirement Accounts (IRAs) for your long-term, personal retirement savings. IRAs offer tax-advantaged ways to set aside funds and are considered a great way to plan for your financial future. Choose to open a Roth or Traditional IRA, depending on your situation.

Traditional IRA

Contributions to a Traditional IRA may be tax-deductible (please consult your tax adviser for details). With a Traditional IRA, your earnings grow tax-deferred, and you won’t owe income taxes until you make withdrawals. As you create your retirement plan, consider an LCCU Traditional IRA as your sole source of retirement income or a supplemental income stream so you can live comfortably and experience the joys of retirement.

Roth IRA

The Roth IRA is unique because you invest after-tax dollars. This means the principal amount is never subject to taxes or penalties in the future (as long as you stay within the contribution guidelines). Second, this plan allows the money you contribute to grow tax-free. The Roth IRA offers specific tax advantages that are different from a Traditional IRA, and depending on your financial situation, the Roth IRA might be your best option for retirement planning.

After you’ve spent some time researching, consult your tax advisor to better understand your IRA options and their abilities to meet your goals.

LCCU IRA dividends are compounded quarterly.
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