Roth IRA's
The Roth IRA is an increasingly popular alternative to the traditional IRA. In contrast to the traditional IRA, the Roth IRA does have income restrictions (see your tax advisor for eligibility details). Plus, all Roth IRA contributions are made with after tax dollars. Here's the upside of the Roth IRA:

* Tax and penalty free withdrawals of regular contributions-at any time, for any reason.
* Tax and penalty free withdrawals of earnings if the account is open for at least five years and one of the following reasons for withdrawal applies: age 59 ½ or older, disability, death, or first-time home purchase.
* No age limitations on contributions- it's never too early or too late to start saving because you can put money in as long as you earn compensation.
* No required withdrawals at age 70 ½

For more information about our IRA’s, click on one of the links provided or contact our Member Services Department at (800) 292-2905 or (502) 368-5858. Or, email us at ira@lnfcu.com.