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Saving for the future takes time, but can be accelerated if you put your money
in an account that offers tax benefits. With an individual retirement account
(IRA), you get that and more—great tax benefits and the addition of compounded
growth. You can maximize your savings in no time flat! Here’s a brief overview
of the different types of IRAs available to you through Patelco.
Traditional IRA
Contributions may be tax-deductible, which can reduce
your tax bill, and earnings grow tax-deferred until withdrawn. You can also
make penalty-free withdrawals for certain qualifying events, such as a
first-time home purchase.
Roth IRA
The more flexible IRA. Save on taxes when you retire, with
tax-free earnings, and retain the ability to withdraw contributions at any
time.
Coverdell Education Savings Account
An ideal way to save for a child’s
education expenses. Earnings are tax-free if used for qualified elementary,
secondary, or post-secondary education expenses. You can contribute $2,000 each
child per year until the child reaches the age of 18.
Visit our IRA Service Center for more information or to open an IRA today. Or, stop by a local branch or call 415.442.6200 or 1.800.358.8228 (outside CA).
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| IRA/Tax Loan |
Borrow up to $10,000 to fund an IRA or pay taxes.
- APR as low as 10.90%*
- Loans from $500 to $10,000
- Terms up to five years
- Fast online approval
Apply today. This special offer ends 4/16/06.
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