If you’re nearing retirement or switching jobs, you may be faced with the decision to leave your nest egg in your employer provided retirement plan, take a distribution, or roll it over to an IRA.
If you plan to leave your money in your employer plan, it might cost you. Fees for record keeping and plan management are often subtracted before your annual return is calculated, or even not explicitly listed. Experts say about 1% is reasonable, so check with your plan administrator to find out exactly how much you’re paying.
Rolling over to an IRA certificate is a great way to keep your tax benefits intact without the added fees associated with some plans. Whether you choose the upfront tax advantages of a traditional IRA or the tax-free growth of a Roth IRA, you’ll be keeping more of your money.
IH Mississippi Valley Credit Union wants to help supercharge your retirement with special rates on IRA certificates. For a limited time, you can earn 0.90% APY on a nine-month IRA certificate, or 1.46% APY on a 26 month IRA certificate*.
If you’re ready to roll your accounts over or need more information, visit us at any branch. We’ll help you get the most out of your retirement, because You’re Worth More at IH Mississippi Valley Credit Union.
*APY = Annual Percentage Yield. Rates accurate as of 01/21/15. $500 min. balance. Early withdrawal penalties apply. Rate does not apply to existing IHMVCU certificates or IRA certificates. Other rates and terms available. Federally Insured by NCUA.