Individual Retirement Accounts
One of the greatest challenges facing Americans today is ensuring the financial well being and security of your family throughout your retirement years. With uncertainty over the adequacy of social security growing daily, it’s increasingly necessary to rely on your own savings plans and resources to support your future retirement plans.
Yet another challenge is finding money for the impending college education expenses for your children. Tuition and other collegiate expenses are on the rise, so it’s a good idea to get a head start on saving for those expenses now, instead of getting caught unprepared later!
At North Main Credit Union, we offer 3 long term savings accounts geared to help you save for your family’s future: Traditional IRAs, Roth IRAs and Coverdell Education Savings Accounts (ESAs). Terms from six to 36 months. A minimum of $500.00 is required to set up a certificate of deposit.
Contact us for detailed information on IRA's.
*The Credit Union provides no legal advice to members, and provides the foregoing information from a reliable resource to give our members a basic understanding of these services. You should consult with your tax or legal advisor regarding any particular and the current status of applicable federal and state laws.