Retirement Savings Accounts: Traditional IRA
For people saving for retirement, traditional IRA accounts offer a great way to enjoy tax-free growth on retirement savings. These accounts allow you to direct pre-tax income into investments held by custodians like a credit union or retail broker. You are allowed to contribute any amount of your income up to a specified maximum limit. Depending on your income and eligibility, your traditional IRA contributions may be tax deductible.
If you’re interested in opening a traditional IRA, contact 121 Financial Credit Union. We help individuals and families from throughout the Jacksonville area save for retirement with a full range of investment options. To schedule a meeting with a financial expert, call us today at (904) 638-8026.