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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
Articles pertaining
to IRAs:
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