Your
credit union offers an excellent IRA plan with no minimum
deposit required and no penalty for early withdrawal other
than the 10% penalty imposed by the IRS if you withdraw fund
before the age of 59.5 and do not reinvest the funds.
Check
with your CU-IRA Representative for maximum deposits allowed
each year. Deposit amounts may change according to government
guidelines.
Your
savings federally insured to at least $ 100,000.00 and backed by the
full faith and credit of the United States Government.
National Credit Union Administration, a U.S. Government Agency.