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Individual Retirement Accounts (IRA)

Whether or not you started saving and planning for your financial future early, NAEFCU can help you find an individual retirement account that best fits your needs so that you will be prepared to enjoy your retirement years. NAE offers Traditional, Roth and SEP IRA accounts. Which one is right for you? Review the information below on all of the retirement plans we offer. If you have a question, give us a call.


Traditional IRA

Traditional IRAs allow you to contribute pre-tax earnings to an account until you retire.

  • Some contributions are tax-deductible - talk to your tax advisor about which option is best for you
  • A distribution from a qualified retirement plan may be rolled into a Traditional IRA at any age, regardless of whether the IRA owner has compensation for that year
  • Dividends compound and pay quarterly
 

Roth IRA

Roth IRAs allow you to contribute after tax earnings to an account until you retire.

  • Contributions are NOT tax deductible - talk to your tax advisor about which option is best for you
  • Dividends compound and pay quarterly are tax-free
 

SEP IRA

SEP (Simplified Employee Pension) IRAs allow employers to contribute to traditional IRAs set up for employees.

  • Some contributions are tax-deductible - talk to your tax advisor about which option is best for you
  • A business of any size, even self-employed, can establish a SEP
  • Dividends compound and pay quarterly

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