{"id":20,"date":"2018-10-30T15:12:29","date_gmt":"2018-10-30T15:12:29","guid":{"rendered":"https:\/\/dev.mlfcu.net\/?page_id=20"},"modified":"2018-10-30T15:12:29","modified_gmt":"2018-10-30T15:12:29","slug":"certificates-iras","status":"publish","type":"page","link":"https:\/\/beta.mlfcu.net\/?page_id=20","title":{"rendered":"Certificates &#038; IRAs"},"content":{"rendered":"\n<h2>CERTIFICATES<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-499\" src=\"https:\/\/beta.mlfcu.net\/wp-content\/uploads\/2018\/11\/short_term_cd350-300x225.jpg\" alt=\"Great Rates\" width=\"300\" height=\"225\" \/>A Credit Union Share Certificate gives you the opportunity to invest your money with minimum risk and a guaranteed return. You can earn a higher rate than you would on a savings account and still enjoy the security of a low-risk investment tool.<\/p>\n<p>We offer certificates with terms ranging from six months to two years.<\/p>\n<p><a href=\"https:\/\/beta.mlfcu.net\/rates\/savings-rates\/\">View our current certificate rates here.<\/a><\/p>\n<ul>\n<li><strong>Early Withdrawal Penalty<\/strong> &#8211; We may impose a penalty if you withdraw from your account before the maturity date.<\/li>\n<li><strong>Amount of Penalty<\/strong> &#8211; For Share Certificate accounts, the amount of early withdrawal penalty for your account is 90 days&#8217; dividends, including principal.<\/li>\n<\/ul>\n<h2>IRA ACCOUNTS<\/h2>\n<p>Plan for your retirement with an Individual Retirement Account. A variety of options are available to meet your financial needs, and deposits may be tax deductible.<\/p>\n<p>WHY OPEN AN IRA? Here are some good reasons to consider having an IRA:<\/p>\n<ul>\n<li><strong>LONGEVITY<\/strong> &#8211; retired Americans are living longer, healthier lives. This certainly has resulted in the need to stretch or add to your retirement funds.<\/li>\n<li><strong>SAVE ON CURRENT TAX BILL<\/strong> &#8211; If you are eligible, you may be able to deduct your contributions to a Traditional IRA on your current tax form and still reap tax-deferred earnings until withdrawal at retirement.<\/li>\n<li><strong>TAX FREE EARNINGS<\/strong> &#8211; Roth IRAs generate tax free earnings when withdrawn, as long as the account has been maintained for 5 years or you meet certain other withdrawal conditions.<\/li>\n<li><strong>DIVERSIFICATION<\/strong> &#8211; IRAs can help to diversify your retirement portfolio.<\/li>\n<\/ul>\n<p>Traditional or Roth IRA contributions for <strong>2026<\/strong> are $7,500 for those under the age of 50. If you are 50 years of age or over, the maximum is $8,600.<\/p>\n<p>Traditional or Roth IRA contributions for <strong>2025<\/strong> are $7,000 for those under the age of 50. If you are 50 years of age or over, the maximum is $8,000.<\/p>\n<p>We can help you to secure a more comfortable retirement by assisting in your consideration of which type of IRA may be best for you.<\/p>\n<p><a href=\"https:\/\/beta.mlfcu.net\/rates\/savings-rates\/\">View our current IRA rates here.<\/a><\/p>\n\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":23,"menu_order":15,"comment_status":"closed","ping_status":"closed","template":"page-right-sidebar.php","meta":{"footnotes":""},"class_list":["post-20","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/beta.mlfcu.net\/index.php?rest_route=\/wp\/v2\/pages\/20","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/beta.mlfcu.net\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/beta.mlfcu.net\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/beta.mlfcu.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/beta.mlfcu.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20"}],"version-history":[{"count":0,"href":"https:\/\/beta.mlfcu.net\/index.php?rest_route=\/wp\/v2\/pages\/20\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/beta.mlfcu.net\/index.php?rest_route=\/wp\/v2\/pages\/23"}],"wp:attachment":[{"href":"https:\/\/beta.mlfcu.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}