What are your retirement dreams?
Is it jet-setting all over the world, or gardening in your own backyard? Whatever your retirement goals look like, a MSEFCU IRA can help you save for them.
Individual Retirement Accounts (IRAs)
A traditional IRA allows you to make tax-deferred contributions of up to $5,500 per year, or $6,500 if you’re 50 or older. You won’t pay taxes on your contributions until you begin to withdraw.
A Roth IRA allows you to make after-tax contributions of up to $5,500 per year, or $6,500 if you’re 50 or older. You’ve already paid taxes on the contributions so you can withdraw tax-free.
Coverdell Education Savings Accounts
Make after-tax contributions of up to $2,000 per year without ever paying taxes on the accumulated earnings.