You have no plans to fade into the sunset. Your goal, upon leaving the working world, is to tackle new challenges and chase lifelong dreams. One way to make that happen is with income from an Individual Retirement Account. At Rockland Federal Credit Union, we offer Traditional and Roth IRAs. Each comes with unique savings features and a range of tax benefits.

Traditional IRAs

• Contribute up to $6,000 annually (up to $7,000, if over age 50)
• Earn competitive dividends
• Potential tax deductions every year you contribute to your IRA
• Dividends grow tax-free until you retire
• Consult your financial advisor for additional details

Roth IRA

• Contribute up to $6,000 annually (up to $7,000, if over age 50)
• Earn competitive dividends
• Dividends grow tax-free until you retire
• Starting at age 59 1/2, all withdrawals are tax-free
• In some cases, Roth IRA funds can be used to purchase a home or pay for higher education
• Consult your financial advisor for additional details

Coverdell Education Savings Account (ESA)

• Contribute up to $2,000 per year, the maximum annual contribution per beneficiary
• Earn competitive dividends
• Tax free distributions for qualified expenses, visit  IRS.gov  for more information
• Consult your financial advisor for additional details