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The most comforting part about savings accounts at REGIONAL
is the element of safety. Your accounts are federally insured by the National Credit
Union Administration, an agency of the Federal Government, for up to $100,000.
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Traditional IRA Account - Share 4 Account
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A Traditional Individual Retirement Account (Share 4) is a personal tax-sheltered retirement savings
plan that allows you to save for the future. Contributions to this account may be tax-deductible
and interest earned may be deferred until the funds are withdrawn.
- High Dividend Rate
- Not locked in for a certain time period
- No set-up or closing fees
- Contributions may be tax-deductable
- Contributions can be made through payroll deduction
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Roth IRA Account - Share 12 Account
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A Roth IRA (Share 12) gives you an easy and safe way to plan for the future.
Contributions to this type of IRA are not tax-deductible, but the money in your Roth IRA,
including earnings, can be withdrawn tax-free. This type of IRA offers unique and exciting
savings opportunities.
- Contributions are allowed at any age
- Flexible withdrawal options available
- Qualified distributions are tax-free
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Coverdell IRA
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With the costs of higher education escalating rapidly, the dream of sending a child to college
can easily become a financial nightmare. A Coverdell Educational Savings Account (Share 15)
can help you pay for your child's education expenses, such as tuition, fees, books, supplies
and equipment. Contributions to a Coverdell ESA are not tax-deductible. However, a Coverdell ESA
offers the potential for tax-free withdrawals-including earnings.
- Contributions up to $2,000 per year per child allowed for qualified income earners
- Earnings grow tax-free if distributions are used for qualified educational expenses!
- Can be used to pay for qualified elementary and secondary education expenses
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Simplified Employee Pension
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A Simplified Employee Pension Plan is an inexpensive way for self-employed persons,
sole proprietorships, partnerships, small businesses, small employee groups and
corporations to offer a retirement plan to employees. These plans can help you
attract and retain a quality workforce.
- Easy to administer
- No need to file any additional reports with the government
- Contributions are tax-deductible for yourself
- Contributions made for employees are considered a business expense
- Offers immediate vesting
- No taxes are paid until funds are withdrawn
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IRA CD
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The stock market can be a tempting investment option, with its potential for
fast money and large returns. But many people aren't comfortable putting their
principal at risk. After all, you could just as easily end up with much less
than you started with. With an IRA CD from REGIONAL, you can take advantages
of increases in the market, but your principal is still protected in the event of a slide.
The 24-month term is just right, too-short enough that your money isn't tied up for too
long, yet long enough to take advantage of long-term trends in the market rather than
temporary fluctuations.
- Fixed 24-month term
- Grows with the market
- Principal investment is protected in the event of a downturn in the market
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