IRA | Neighbors Federal Credit Union | IRA Options
It has been brought to our attention that several members have received phone calls and text messages appearing to be from Neighbors Federal Credit Union. In these communications, they are asking for sensitive information such as debit card numbers, PIN numbers, online banking information, etc. Neighbors WILL NEVER ask you for this information. These calls and texts are part of a phishing attempt targeting financial institutions. Your information has not been compromised and we have not suffered a security breach of any kind. Please contact us at 225-819-2178 if you have any questions or concerns.

IRA

Neighbors offers 3 choices in Individual Retirement Accounts (IRA) to give you the highest rate of return for your situation.

Traditional IRA

  • Contributions may be fully tax deductible.
  • Earnings grow tax-deferred until withdrawn.
  • Early withdrawals can be made penalty-free for qualifying reasons.

 

Roth IRA

  • Contributions are not tax deductible but can be withdrawn tax and penalty free at any time.
  • Earnings are tax-free if the account has been open for at least 5 years.
  • You are not required to begin withdrawals at age 70.

 

Education IRA

  • Contribute up to $2000 per year on a child’s behalf.
  • Contributions are not tax deductible but can be withdrawn tax and penalty free for qualified higher education purposes.
  • Funds can be transferred from one child’s account to another in the family.

 

Visit a branch to open yours today.

 

View IRA Rates