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An Individual Retirement Account (IRA) provides a tax deferred or tax free way to save for retirement. There are different types of IRAs to choose from depending on your goals.
Traditional IRAs
Maximum income limits for this type of IRA now allow members who were not previously eligible to open an IRA account to do so now. Contributions to traditional IRAs may be tax deductible and earnings accumulate tax-free until withdrawn.
Roth IRAs
Roth IRAs allow qualifying individuals to contribute after-tax dollars to save for retirement. Contributions to Roth IRAs can be withdrawn tax- and penalty-free at anytime and dividend withdrawals are tax free if the account has been open for 5 years or more and: either IRA owner is older than 59½, disabled, deceased OR funds are being used for first-time home purchase.
Qualified members can contribute up to $2,000 per year for each child up to age 18, as long as they did not make any contribution to a state tuition program for that child during the same year. Withdrawals are tax- and penalty-free when used for qualified higher-education expenses for the child. Funds can also be transferred from one child's account to the account of another child in the family who is under 30 years of age.
DuPont Fibers Investments & Retirement
Our licensed Investment and Retirement Representative, George Thompson, is available to meet with you at any one of our convenient Member Centers to discuss with you a plan to maximize your retirement funds. Contact him to set up a no cost, no obligation appointment at 804.274.1212 or 1228. >> more info | 
