Retirement as Easy as IRA It’s never too early – or too late – to start saving for retirement and with NMTW’s Traditional, Roth and SEP IRAs, there’s no excuse not to! We offer fixed certificate of deposit rate accounts or variable rate accounts with all of our IRA options. To make saving for retirement even easier, you can have a regular amount deducted from your paycheck and directly invested into your account. Traditional IRAWith a traditional IRA, you may be able to deduct your annual contributions on your federal income tax return and your earnings are 100% free from federal income tax until you withdraw them from your account.Roth IRAWith the Roth IRA, your contributions are not tax deductible now, but if you follow certain rules, your earnings will be tax free when you withdraw them.Simplified Employee Pension (SEP) PlansSEP Plans allow self-employed persons, sole proprietorships, partnerships, small businesses, small employee groups, and corporations to provide retirement plans via an easily established and maintained retirement program. If you don’t have access to a pension, 401K, or other employee-sponsored retirement program, you may be eligible to create a SEP. Through a SEP plan, an employer makes contributions to the traditional individual retirement accounts (IRAs) of each eligible employee, subject to certain limits set by law. Why a SEP versus a Traditional or Roth IRA? Because for those that qualify for SEPs, the ceiling on annual contributions is higher, meaning you can save more annually toward your retirement.Enjoy peace of mind knowing your retirement funds are safely here waiting for you. All IRA funds are insured for up to $250,000 by the NCUSIF. In addition, amounts over $250,000 are insured for an unlimited amount by the MSIC. Best of all, there are no hidden credit union fees! Contact your accountant or tax professional to find out which type of IRA is best for you. We also offer financial planning to assist you in choosing the right investments for your situation. For more information, click on the following brochures or This e-mail address is being protected from spam bots, you need JavaScript enabled to view it .       
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