A Message from the MEMBERS Financial Services Program
Have you considered switching from a tradition Individual Retirement Account (IRA) to a Roth IRA? Now, new rules for 2010 Roth conversions have eliminated the income limit and allow anyone to make the switch. Furthermore, the taxes due when switching to a Roth IRA may be split between 2011 and 2012.
A Roth IRA can be an attractive option for savings if you believe your tax bracket will be higher when you are ready to retire. Determining whether a Roth IRA is best for you depends on several additional factors:
- Your age at the time you are contributing
- Your plans for needing the money prior to age 59-1/2
- You plans for leaving this money to heirs
- Your likelihood of actually setting aside the money saved in taxes and investing it in another account
Learn more by attending a seminar in your area. MEMBERS Financial Services* is offering free seminars about Individual Retirement Accounts. Call Mike at extension 6792 to reserve your seat or sign up online today.
*Representatives are registered, securities are sold and investment advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC, a registered broker/dealer and investment advisor, 2000 Heritage Way, Waverly, Iowa 50677, toll-free (866) 512-6109. Nondeposit investment and insurance products are not federally insured, involve investment risk, may lose value and are not obligations of or guaranteed by the financial institution. CBSI is under contract with the financial institution, through the financial services program, to make securities available to members.
FR061002-7964
