IRAs
Traditional and Roth Individual Retirement Accounts (IRAs) are an excellent way to save for retirement. Dividends earned on these accounts are tax-deferred until they are withdrawn. You can withdraw funds after the age of 59 ½ without penalty. However, you must start a minimum distribution of funds in the year in which you turn 70½.
IRA Certificates are available directly from LBS Financial Credit Union and offer a guaranteed rate over a period of time—plus they are insured by the NCUSIF
Features of IRA Savings & Certificates
- The minimum opening balance for an IRA Share account is $5.00 and the minimum for IRA Certificates is $100*
- LBS Financial offers you many types of IRA Share Certificates including: 6, 12, 18, 24 and 30 months
- IRA accounts are insured separately from your Share Savings accounts to a maximum of $250,000 by a Federal Government agency (NCUA)
- There are no annual maintenance fees associated with LBS Financial IRA accounts
- You can opt for automatic payroll deductions to make saving in your IRA even easier!
* Must open an additional Credit Union Share account with $5.00 prior to opening an IRA Certificate
Investment IRAs
You are also able to purchase investment IRAs through a Linsco/Private Ledger Investment Specialist.* Contact an Investment Specialist today
for FREE retirement planning, retirement plan rollovers, an investment strategy review
or to learn more about the diverse investment products available to you.
Securities offered through Linsco/Private Ledger. Member NASD/SIPC.
* Mutual Funds, annuities and other investments through Linsco/Private Ledger are NOT deposits, are NOT insured by the FDIC, NCUSIF or any other regulatory agency, are NOT obligations of or guaranteed by LBS Financial Credit Union, or any other affiliated entity, are subject to investment risk including loss of principal and are subject to fluctuating rates of return. Linsco/Private Ledger is not affiliated with LBS Financial Credit Union. Tom Corrado is registered to discuss and transact securities business to residents of the state of CA.
