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There has never been a better time to save for your retirement, with the recent expanded IRA contribution limits!
Recent Legislation Information
Expanded Annual IRA Contribution Limits At A Glance:
| Tax Year | 2008 | 2009 |
| Eligible Deposit Date | 4-15-09 | 4-15-10 |
| Single | $5,000 | $5,000 |
| Married filing jointly | $10,000 | $10,000 |
| Taxpayer age 50 and over | $6,000 | $6,000 |
| Limit if both spouses age 50 and over | $12,000 | $12,000 |
| Coverdell Education Savings Account (in addition to the above contributions) | $2,000 | $2,000 |
Compare options and see which is best for you.
Visions offers a variety of retirement and education savings plans to meet your needs - with some of the highest dividends available from insured financial
institutions. (click on the following links to navigate to informational brochures regarding each plan)
Our IRA's provide all of the features you need to comply with Internal Revenue requirements for these specialized accounts.
- Quarterly Statement (monthly if you have other account activity)
- Annual 5498 Reporting
- Annual Notice on Required Minimum Distribution (as required)
- Automated distribution at age 59 1/2 or 70 1/2 (including from higher rate Share Certificates at no penalty)
Alternative Self-Directed IRA's*
You may also take advantage of our third-party arrangements for self-directed IRA's in other alternative investments.
For information about IRA plan requirements, read our online IRA brochure, or contact our IRA Deposit Specialist at (607) 786-2000 ext. 542.
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Our IRA Accumulator share account offers a special dividend rate or balance of $100 or greater that is comparable to higher money market accounts. This is perfect for regular
payroll deduction deposits to assure your annual IRA contribution or for placing funds from qualified plan rollovers while deciding what to do.
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You can also use any of our higher rate Share Certificate options for your IRA, starting with as little as $500.
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Simplified Employee Pension (SEP) plans allow small businesses to make contributions to IRAs of their eligible employees - a valuable employee benefit.
*Self-Directed IRA alternatives involve non-deposit investment products, are not guaranteed and are not insured by the NCUSIF or any other
government agency.
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