Retirement
As you begin to enjoy this new, adventureous time in your life, you don’t want to worry about your retirement funds. Take control of your retirement by rolling over your money into an IRA Share Certificate at Heritage Credit Union!
Don’t cash out! Roll it over!
Although taking the cash payout from your former employer may be an option, it is one that will cost you money.
Taking a cash option from your former employer will signifi cantly reduce your retirement savings, and you’ll have
to pay federal (and possibly state) income tax on the amount, plus a 10% early withdrawal penalty unless you
qualify for an exemption. The advantage to rolling over your retirement account is that your money can continue
to grow uninterrupted into the future, completely tax-deferred. Qualified retirement accounts include pension
plans, 401(k)s, or IRAs.
The Heritage Credit Union IRA advantage
Heritage Credit Union is the best home for your rollover because:
- You have a choice of term when locking in a rate
- We offer the security of insured deposits
- You can view your account easily on our Web Branch at www.heritagecu.org
- Friendly, personal service
Simply contact your past employers benefits department and ask to transfer your funds. We will set up an account and invest your retirement money into one of our attractive IRA Share Certificates. For more information, contact your local branch!
