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Financial Education

IRA Accounts: A Great Retirement Option

IRA Accounts Available at SIU Credit Union
 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  



2 Comments

  • Evan Madden -

    Hello

    Erica,

    I have a 401k account from an old job. I was wondering how to open an ira account and roll the 401k money over into the ira account. I also have accounts with SIU credit union but not an ira account. I don’t want to lose money either but definetly want to put money into a ira account. The 401k account is with prudential. Can you please help me.

    • SIUCU -

      Yes. You’ll want to come in and speak with a representative at one of our branches and we can help get this established. Thanks for reaching out!

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