A Traditional IRA may be right for you if:
- You or your spouse are younger than age 70 ½ and have earned income
- You want to make tax-deductible contributions (consult your tax advisor)
- You want to defer taxes on your earnings until the year you withdraw them
With a Point Breeze Traditional IRA:
- Rollover or transfer your IRAs from other institutions
- Get competitive rates
- Funds are federally insured to at least $250,000 by the National Credit Union Administration
- You can withdraw funds from your Traditional IRA without incurring the 10 percent premature-distribution tax before age 59 ½ for specific reasons, such as disability and qualified medical expenses, certain higher-education expenses and a first-time home purchase
- Your total combined contribution for all of your Traditional and Roth IRAs cannot exceed the maximum contribution (plus the catch-up amount if you are age 50 or older)
Let us help you find the perfect retirement savings plan for you!