To help clear the clutter of retirement planning, SouthWest Federal Credit Union is hosting a free IRA workshop January 28 at 6:30 pm with a light dinner.
Planning for retirement can be a cumbersome task. Between stocks, bonds, mutual funds, 401(k) and IRAs, there are lots of choices to make. Where each one has its own advantages, a deposit or certificate IRA is perhaps your safest bet among the volatile turbulence seen recently is the financial world.
“If you want a more stable portfolio, IRAs are a balanced investment,” says JaNene Shepherd, Assistant Vice President at SouthWest Federal. “When markets are volatile, it’s a good idea to put money into an IRA. It’s not tied to money markets or the stock market like a 401(k), but pays higher rates than a regular savings or CD.”
One of the main reasons people look to an IRA is if you’re already participating in a 401(k) and you want to save more for retirement. Since you can’t beat matching contributions from employers, a 401(k) is your first and best option. But an IRA offers stability and liquidity to your retirement plans, in addition to a few tax benefits.
Whether it’s a Traditional, Roth or Coverdell, even IRAs have options. Each one of the different account types offer a variety of tax and liquidity benefits depending on what your plans are for retirement and saving.
For more information, call JaNene Shepherd at 435-652-2635, or register online at www.southwestfederal.com.
SouthWest Federal is the only locally administered and longest serving credit union in Southern Utah. Serving the five-county area of Southwest Utah, plus Mesquite, Nevada and Northwest Arizona, SouthWest Federal Credit Union was established in St. George in 1937 and has been safe and secure for more than 70 years.
