Uncle Sam gives you a pass on paying taxes while you are building your retirement nest egg, but you’ve got to follow the rules.
Sander Tom is a Financial Advisor and Certified Financial Planner™ with more than 30 years of experience in the financial services industry; more than 15 of those with SchoolsFirst FCU. Over this time, he has developed a deep understanding of investing and its powerful impact on a person’s life.
Should I consider an IRA?
An Individual Retirement Account—or IRA—allows anyone with earned income to save for retirement. That’s why it’s a great option to start saving for your future, especially if you don’t have an employer-sponsored retirement plan through your job. Also, if you’re self-employed, you can use an IRA to create a retirement plan. In addition, there are special rules that may allow a stay-at-home spouse to contribute to an IRA. Continue reading
SchoolsFirst FCU IRAs offer an easy, convenient, and powerful way to save for your retirement—one of the most important things you can do to ensure your future financial well-being. Both Traditional and Roth IRAs are excellent retirement savings tools, but you should consider these questions before you choose one: