 |
 |
2008 HOLIDAY CLOSINGS
TUESDAY, JANUARY 1, 2008 -
NEW YEAR'S DAY
MONDAY, JANUARY 21, 2008 -
MARTIN LUTHER KING DAY
MONDAY, FEBRUARY 18, 2008 -
PRESIDENT'S DAY
FRIDAY, MARCH 21, 2008 -
GOOD FRIDAY
MONDAY, MAY 26, 2008 -
MEMORIAL DAY
FRIDAY, JULY 4, 2008 -
INDEPENDENCE DAY
MONDAY, SEPTEMBER 1, 2008 -
LABOR DAY
MONDAY, OCTOBER 13, 2008 -
COLUMBUS DAY
MONDAY, NOVEMBER 10, 2008 -
VETERAN'S DAY
THURSDAY, NOVEMBER 27, 2008 -
THANKSGIVING DAY
FRIDAY, NOVEMBER 28, 2008 -
DAY AFTER THANKSGIVING
WEDSDAY, DECEMBER 24, 2008 -
CHRISTMAS EVE CLOSING @ 12:00 (NOON)
THURSDAY, DECEMBER 25, 2008 -
CHRISTMAS DAY
WEDNESDAY, DECEMBER 31, 2008 -
NEW YEAR'S EVE CLOSING @ 12:00 (NOON)
THURSDAY, JANUARY 1, 2009 -
NEW YEAR'S DAY
|
 |
|
2001 West Main St.#165
Stamford, CT 06902
PHONE:
(203)-964-1229
(800)-811-5967 - TOLL FREE
FAX:
(203)-357-8121
HOURS:
MONDAY - FRIDAY
9:00 a.m. - 4:30 p.m. EST
ACCESS24 - Automated Tellerline:
(203)-964-1891
(866)-964-1891 TOLL FREE
CONTACT US:
Member Services |
|
IRA's
Smart retirement planning begins early!
That’s because living the American dream after retirement takes more than modest means. And, the chances are good that many who are working today will not have enough in government or pension support to carry them later.
We want to help you plan for your golden years easily, conveniently, and regularly. We have discovered that those who begin retirement funding early and contribute on a regular basis are in the best position to enjoy many years of worry-free retirement. Saving seems easier too, because early savers can actually put away less each month than those who postpone saving and have to play catch-up.
Individual Retirement Accounts (IRAs) are an excellent retirement tool because of the tax advantages. The credit union offers traditional IRAs as well as Roth and Educational IRAs. Traditional and Roth IRAs have a combined contribution limit of $3,000.00 per year. (Catch-up provisions apply to members over the age of 50 where one can contribute up to $3,500.00.) Educational IRAs have a $2,000.00 per year limit.
TRADITIONAL IRAs:
- All income taxes on dividends are deferred until you reach the age of 59 ½.
Deposits may be tax deductible.
Penalties apply for early withdrawal (there are certain exceptions).
ROTH IRAs:
- Deposits are not tax deductible.
- No penalty for early withdrawal.
- Earnings can be withdrawn tax-free at age 59 ½.
EDUCATIONAL IRAs:
- Earnings are tax free
- Withdrawals are tax free provided that the funds are used for a higher educational purpose.
Please consult your tax advisor to see if this right for you.
|
