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We
know how important it is to save for your retirement or your
child’s education. If
you payroll deduct just a small amount each pay period, you can
create a substantial nest egg or fund for your child’s higher
education.
We offer the three common IRA’s:
1)
Traditional
IRA
Defers taxes on the earnings until withdrawn; contributions may be tax deductible.
2)
Roth
IRA
Earnings are
tax free if the account is open for 5 tax years & withdrawn for a qualified
reason. Contributions are not tax deductible .
3)
Education
IRA
Tax
and penalty free withdrawals for qualified expense.
Contributions are not tax deductible.
MARKET
INDEX CERTIFICATE
If you’d like to cash in on the red hot
stock market without getting burned, you might consider a
certificate with a different spin,
our market index certificate. 2
year and 4 year terms are available. Certificate dividends are tied to the
growth of the Standard & Poor’s 500.
Here’s how it works:
If the S & P 500 is higher on the day your certificate
matures than it was when it was established, you earn a
percentage of the increase. But
if the S & P 500 goes down, don’t worry – you won’t lose
a penny of your principle. It’s
insured and will be returned to you.
INVESTMENT OPPORTUNITIES:
-
IRA Share Account -- no
minimum balance required.
-
IRA Share Certificate --
18 month term. A minimum deposit of $1000 is
required to open a certificate.
-
Market Index
Certificate.
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