 United Southeast FCU's Traditional and Roth IRAs give you a variety of federally insured, tax-deferred ways to save for retirement while you earn a competitive dividend rate. Traditional and Roth IRAs - move ahead faster with contributions up to $4,000 a year* (Must meet Internal Revenue Code eligibilty requirements.)
Coverdell Education Savings Accounts - Help your child reach their dreams! Save up to $2,000 per child for school expenses.
Catch up Contributions - Taxpayers over the age of 50 can contribute an extra $500.
Rollover IRAs - If you are retiring or changing jobs, don't make the mistake of cashing out your nest egg. We can help you roll over 401(k), 403(b), or 457(b) accounts.
You can gradually accumulate retirement savings through our IRA Accumulation Account by automatic payroll deductions or regular deposits. After your balance reaches $1,000, you can transfer to one of our many IRA certificate plans available.
Variable Rate IRA:
This IRA works like a regular savings account. You decide how much to deposit - whenever you want.
§ Pays a market rate
§ Rates set at the beginning of each quarter
§ Compounds quarterly
§ Requires a $25 minimum deposit to open
IRA Certificate:
This IRA works like a regular certificate. You have lots of options for setting up your IRA Certificate any way that suits you.
§ Lock in a fixed rate
§ Pays a market rate on the certificate
§ set the term for as little a 6 months or as long as 60 months
§ Requires a $1,000 minimum deposit to open
Tax Deferred Savings:
One of the best features of an IRA is that it can help you save for retirement without paying taxes on the funds deposited or on the dividends these funds earn until the funds are withdrawn. Please be aware that the conditions governing tax deductibility are different for Traditional, Roth, and Coverdell Education IRAs. All IRA accounts are subject to many federal tax rules. We suggest that you discuss the various tax implications of your IRA with your tax professional.
§ IRAs have wage restrictions
§ IRAs have deposit and withdrawal restrictions
§ IRAs have tax implications, that should be understood
§ See a Tax Professional for complete details
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