Changing Jobs, Getting Ready to Retire…The Time to Save for Retirement in Muskegon, MI is NOW!!

Retirement Plan

Credit Union IRAs in Muskegon, MI are safe, secure, and available.

  • Safe: The principal will not go up/down like the stock market. They remain steady.
  • Secure: Federally insured by the NCUA up to $250,000
  • Available: Money can be withdrawn virtually at any time (tax and penalties may be incurred).

Direct Rollovers are used to move 401(k), pensions or most any employer based retirement account.

Direct Transfers are used to move IRAs from one financial institution to another. Rollovers are used when IRA money is withdrawn and used for a short term (60 days) and placed back into an IRA.This can be done ONCE in a 12-month period.

Traditional IRA’s In Muskegon, MI

Money deposited can be used as a tax deduction or is funded from money that has never been taxed (pensions, 401(k).

Benefits:

  • Competitive, fixed interest rate
  • No minimum opening deposit
  • No minimum balance requirement to earn interest
  • Tax Shelter
  • Contributions could be used as a tax deduction
  • Money can be withdrawn, without penalty for
  • Secondary education
  • 1st time home purchase
  • Catastrophic medical expenses
  • Age 59 ½ or older
  • Age 70 ½ is required to receive payments annually
  • Contributions can be made at any time provided they do not exceed the maximum limit

Roth IRA’s in Muskegon, MI

Money deposited cannot be used as a tax deduction. Money funded in the Roth IRA has already been taxed. Traditional IRA funds can be converted to a Roth; however taxes are required to be paid.

Benefits:

  • Competitive, fixed interest rate
  • No minimum opening deposit
  • No minimum balance requirement to earn interest
  • If the Roth IRA has been owned for 5- years and have a qualified reason (59 ½ or older, disabled or a first time home buyer) then all funds in Roth IRA can be withdrawn tax and penalty free.This includes the EARNINGS that have never been taxed.
  • All contributions to Roth IRAs (including conversions and rollovers) generally are taxed in the year they were made and not taxed later when distributed.
  • Contributions can be made at any time provided they do not exceed the maximum limit

We also offer IRA Certificates of Deposit in Muskegon, MI

rcbanner1

Through Retirement Central and in the comfort and privacy of your home, you can open your Individual Retirement Account (IRA), manage it, and connect with IRA Specialists – all through online connections. IRA Center has educational articles on IRAs and retirement planning, planning tools, risk analyzers, investment options and the forms you need to complete your transactions.