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Retirement

Merced School Employees Federal Credit Union
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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. 

Roth IRAs

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. 

IRA, Roth and Coverdell Term Savings Accounts

If you have some time before you’re ready to retire, you can make the most of your retirement dollars by opening an IRA Term Savings Account.  With a $2,000 minimum balance, you can purchase a Traditional, Roth or Coverdell Term Savings Account for a period of 1 to 3 years.
 
IMPORTANT NOTE: This is only basic information, you should always consult your tax advisor.


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