On our Roth I.R.A., Campbell Employees FCU pays a competitive dividend, compounded daily and paid monthly, based on the average daily balance in the account. See the rates page on this web site for current dividend rate.

 

 

Contributions of up to $5,000 per year may be made to a Roth IRA, depending upon income level, and catch-up contributions can be made for those over 50. Recent legislation makes this an even more attractive means to save for retirement, however the legislation is detailed.  Call us at 856-486-3262 to determine the appropriate options for your individual situation.

 

Although contributions are not deductible for the year in which they are made, the Roth I.R.A. offers other advantages. For instance, contributions can be withdrawn tax- and penalty-free at anytime. Also, the earnings in the Roth I.R.A. account are not taxable provided the account has been open for five tax years and the withdrawal is for a qualified reason (i.e. after age 59 ½, first-time home purchase, owner becomes disabled, etc.).

 

 

Call us today at 1-800-257-5354 or email us for more information to get started saving for your future.