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Transform Your Financial Future by Mastering Credit Basics
Imagine facing higher interest rates, difficulty in loan approvals, and strained personal relationships all because of one simple thing: bad credit. On this episode of Money Matters we’ll demystify credit and its substantial influence on various facets of our lives. Listen Now

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  • Earnings grow tax-deferred until withdrawn.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  • Contributions are not tax deductible but can be withdrawn tax and penalty free at any time.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.

 

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  • Contributions are not tax deductible but can be withdrawn tax and penalty free for qualified higher education purposes.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

Need help finding the account/product that is right for you?
Click on the Relationship Builder and answer a few simple questions to be guided to the accounts that best fit your needs.

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