For investors looking to build a dividend-paying nest egg for their golden years, an individual retirement account (IRA) is the most common arrangement.
Any number of investment options may be placed within an IRA, and in exchange for showing some initiative and taking on part of the responsibility of financing your own retirement, Uncle Sam agrees to defer taxation on money within IRAs.
Two types of IRAs exist — the Traditional IRA and the Roth IRA. While both share a significant number of features, there are also major differences between the two.
It’s these similarities and shared characteristics that often confuse many consumers.
Chicago Patrolmen's Federal Credit Union's Financial Planning and Education Center is proud to offer financial planning through our exclusive alliance with MAF Companies. Founded in 1967, MAF representatives are seasoned professionals with over 100 combined years of financial planning experience. They are knowledgeable about the specific challenges and obstacles that police officers and their families face. Their team will build upon that expertise and find solutions that fit your individual needs, budget and goals.
For a confidential conversation about financial planning to fit the needs of you and your family, contact the Financial Planning and Education Center by telephone, at 312.499.8888, or email, at firstname.lastname@example.org.