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An Individual Retirement Account is a wonderful way to plan for retirement, because funds mature is a tax-deferred or tax-free savings environment. Saving for your child's college education? Coverdell IRAs are designed to help parents focus on this type of savings goal.

No matter what your goals, you must open or contribute to your IRAs before April 15, 2008 in order to affect this year's tax return. And remember: The sooner you open your IRA, the more time your money has to grow.

Traditional IRAs are more attractive than ever because expanded income limits mean more people will be able to make tax-deductible contributions. In addition, penalty-free withdrawals are allowed for qualified higher-education expenses and for a first time home purchase.
Contributions to the Roth IRA and Coverdell ESA are not tax deductible, but the accounts offer the opportunity for tax-free earnings.

Your tax advisor can offer more guidance on which type of IRA may be best for your needs. Of course, BFCU is here to answer your questions and assist you with opening an IRA. Please stop by or call for more information on the benefits of a Bronco Federal Credit Union IRA.

Interested in finding out more about IRA's? Click on the links below! Brochures are .pdf files and may take a few moments to load. Brochures require Adobe Acrobat Reader. If you do not already have the reader, the link to the necessary download is shown below:
http://www.adobe.com/products/acrobat/readstep2.html

IRA Information & Brochure Library

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