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Traditional IRAs
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A Traditional IRA is a long term savings plan that enables you to build a retirement fund on which you pay no federal income taxes on the earnings until you start to make withdrawals. Every IRA contributor receives this benefit.
In addition, many wage-earners are eligible for a full federal tax deduction. Some wage-earners are eligible for a partial deduction; others, no deduction.
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Education IRAs
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You are allowed to put $2,000 per child, per year, into a Coverdell Education Savings Account. That's $1,500 more per year than previous limits.
Additionally, qualified expenses apply to primary and secondary education as well as college. With the newest tax law change, you're even more likely to qualify for a Coverdell Education Savings Account. |
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You may view a pamphlet on Educational IRA's,
that explains them in an easy to understand format, click here |
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| PLEASE NOTE! When you click on a link that takes you to another site, you are leaving the credit union web site and anything you do on that site is not subject to the BSCU disclosures. For more information, click here. |
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Quick Links
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| - General IRA information, click here |
| - IRA Builder Account, click here |
| - Roth IRAs, click here |
| - Tax Information on IRAs, click here |
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| - Apply for Membership, click here |
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Need More Information?
Contact your local branch for details, click here |
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