The Individual Retirement Account (IRA) provides an excellent retirement savings program when you want the tax advantages associated with an IRA.
NGFCU offers several types of IRA savings programs: a Term IRA, which requires a minimum deposit of $2,000; an Accumulation IRA, which may be opened with as little as $5 and may be added to at the member's discretion up to $2,000 per year; and a Money Market IRA which requires a minimum deposit of $2,500. Withdrawals before reaching age 59-1/2 may be subject to IRS penalty.
IRA savings are federally insured by the NCUA separately from other types of savings up to $250,000.
For detailed information, click on the topics above. Be sure to speak with a qualified tax advisor to verify the consequences of transactions involving your IRA and other retirement investments.
Mailing Address
Box Number 47009
Gardena, CA 90247-6809
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Are you still paying a high interest rate on your InfiBank One Card?
Apply for the NGFCU MasterCard
and get a 4.99% APR for the first 5 billing cycles. Click here to apply for the NGFCU MasterCard and get the value you deserve.
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