Are you thinking about retirement?  It is never too early to begin planning for your retirement.  Recent statistics show that most individuals will need to rely on their personal savings for up to 60% of their retirement income (www.ssa.gov).  This can be an overwhelming statistic when you begin to think about it.   

An IRA account is a great way to save for those retirement years.  You may make contributions to an IRA in addition to the contributions that you make to a 401K program at your place of employment.  The SIU Credit Union offers Traditional, Roth, and SEP IRA accounts.  You may choose to invest in an IRA share account or an IRA certificate of deposit.  This allows you the flexibility you need when it comes time to access your funds.  All IRA accounts are insured for $250,000 through the National Credit Union Administration.

 If you currently have an IRA at another institution, or would like to start one, please contact me at 618-457-3957.  I would love to help you ensure that your road to retirement is smooth.

 Erica Pankey, SIU Credit Union IRA Specialist