Simplified retirement savings
Rather than juggle multiple retirement accounts from former employers over the course of your career, you can combine these plans into a single IRA. Most pre-retirement payments you receive from a retirement plan or IRA can be moved to a Rollover IRA within 60 days.
A rollover distribution from an IRA may not occur more than once during a 12-month period. Unless tax-deferred retirement funds are converted to a Roth IRA, all earnings on your IRA rollover contributions remain tax-deferred until you make withdrawals from the account.
There are no trustee fees on NGFCU IRAs, so all the dividends work for you.
Flexible fund consolidation
Here are just a few of the benefits for NGFCU Rollover IRA holders:
- There are no age restrictions on a rollover or transfer deposit
- You can still fund a regular or spousal IRA
- You can rollover all or part of the taxable portion received
- You can rollover into a Money Market IRA with $2,500 or more
Start saving for retirement today
An NGFCU member service representative can help you complete the simple forms needed to establish your IRA.