When do
you need to move on your IRA? NOW!
A Message
from the MEMBERS Financial Services
The clock
is ticking and the deadline for making your IRA
contribution is fast approaching. Every day you wait
could be costing you money. That’s because IRAs
accumulate on a tax-deferred basis. By making your
contribution sooner rather than later, you give your money
more time to grow.
An IRA is
one of the best ways for you to accumulate tax-advantaged
retirement savings. So make every effort to contribute
the maximum allowed.
Understanding IRA Contribution Limits
In the
2007 tax year, you can contribute up to $4,000 to a Roth
IRA or to a Traditional IRA. If you’re age 50 or older,
you can also make an additional $1,000 catch-up
contribution for the 2007 tax year.
Roth IRAs
offer withdrawals free from federal tax. Traditional IRAs
offer tax-deferred growth, and if you qualify, tax
deductible contributions.
For more
information about IRAs and a free copy of the booklet,
Comparing Your IRA Options, contact a MEMBERS
Financial Services serving the members of ALEC, at
800-762-9988 extension 444.
Remember
the clock is ticking and the deadline for making your IRA
contribution is fast approaching. Call today
800-762-9988.
Representatives are registered, securities
are sold, and investment advisory services offered through
CUNA Brokerage Services, Inc. (CBSI), member NASD/SIPC, a
registered broker/dealer and investment advisor, 2000
Heritage Way, Waverly, Iowa 50677, toll-free (866)
512-6109. Nondeposit investment
and insurance products are not federally insured, involve
investment risk, may lose value and are not obligations of
or guaranteed by the financial institution.
CBSI is under contract with the financial institution,
through the financial services program, to make securities
available to members.
B2MM-1104-35F1
/ B2MM-1104-9BE5
