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. Send us your info to get started.