Individual Retirement Accounts
Looking for safe ways to save
for retirement? Open an Individual
Retirement Account (IRA) at NuMark Credit Union. We offer
Traditional and ROTH IRAs, giving you the flexibility of choosing
how you want to save today for a comfortable tomorrow.
Both the Traditional and ROTH IRAs provide
a great way to save for retirement offering tax deferred earnings.
With the Traditional IRA there is the possibility for tax-deductible
contributions. And the ROTH IRA allows tax-free withdrawals
including earnings when you conform to certain tax requirements.
We accept IRA Rollovers and Rollovers from
Qualified Retirement Plans.
Your savings is federally insured to at least
$250,000 and backed by the full faith and credit of the United
States Government by the National Credit Union Share Insurance
For more information, call 815-729-3211 or
send us an email.
We’ll be happy to discuss your options and find the
IRA that best suits your needs.
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Did you know ...
Facts about saving for retirement
- Less than half of Americans have
planned for retirement
- Life expectancy is up. If you reach
age 65, most can expect to live into their 80’s.
- To keep your current lifestyle, you
will need at least 70% of your annual income.
- Social Security is unreliable. Building
your personal savings account is paramount.
How to prepare for retirement:
- Talk with a NuMark Financial Service
Rep -- they can put you on the right track
- NuMark offers plenty of high rate
saving accounts including CDs, IRAs, and tiered Money
- Our Goal Saver account is an easy
way to gain a high interest rate with a low minimum
- A First Step CD only requires a $250
minimum deposit, but you will earn more interest as
you add more funds
- Sign up for payroll deduction and
save with each paycheck automatically
- NuMark has an IRA or ESA that can
fit any need: Traditional, Roth, and Coverdell Educational
- Establish a tiered Money Market account
to reach a higher rate of interest while still having
access to your money
The National Credit Union Administration
is a U.S. Government Agency. Your savings are federally
insured to at least $250,000 and backed by the full
faith and credit of the United States Government.
Learn more about NCUA Share Insurance Coverage