At Polam Federal Credit Union, we’re committed to helping our members prepare for a secure and comfortable future. One of the best ways to get started on the path to long-term financial security is by opening an Individual Retirement Account (IRA). Whether you’re just getting started or looking to boost your retirement savings, an IRA can provide valuable tax advantages and help you grow your money over time.
Here are four great reasons to open an IRA with Polam FCU:
Start Small, Grow Steady
You don’t need a large sum to start investing in your future. With Polam FCU, you can open an IRA with a modest deposit and continue to grow it steadily with automatic contributions from your checking or savings account. Even small amounts saved regularly can add up significantly over time thanks to compound interest.
Supplement Your Employer’s Plan
Already have a 401(k) through your job? Great! But an IRA can complement your employer-sponsored plan by offering more control over your investments and potentially broader options. It’s also a great way to keep saving if you change jobs or are self-employed.
Flexible Contribution Options
You can contribute to your IRA at any time throughout the year, up to the annual limit set by the IRS. This flexibility allows you to make lump-sum contributions or smaller monthly deposits that fit your budget.
Bonus tip: You can contribute for the previous tax year all the way up to the tax filing deadline.
Peace of Mind for the Future
Opening an IRA is more than just a smart financial decision, it’s a commitment to your future. The earlier you begin, the more time your money has to grow. And when you partner with a credit union that knows your needs and values your financial well-being, you can save with confidence.
At Polam FCU, we’re here to help you make the most of your money now and in the years to come. Whether you’re ready to open your first IRA or want to transfer an existing account, our team can guide you through the process and help you understand your options.
Secure your tomorrow—start saving today.