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Individual Retirement Accounts
An Individual Retirement Account (IRA) is a good way to ensure your future financial security. Depending on the type of IRA you choose, your contributions may be tax deductible and will grow either tax-deferred or tax-free.
Traditional IRA - Tax-Deferred until withdrawal
Roth IRA - Not Taxed - Earnings grow tax free
2008 Contribution Limit $5000*
$6000* for tax-payers over the age of 50
Electrical Workers 558 Federal Credit Union
1705 E. 17th Street - P.O. Box 806
Sheffield, AL 35660-0806
(256) 383-6551 Fax: 383-6556
info@ew558fcu.com
1995-2008