INVESTMENT OPTIONS

CERTIFICATE OF DEPOSIT (CD)

  • Time Certificate
  • Committing an investment for a certain period of time based on terms offered.
  • Choose to invest
    • 1 – Year Term
    • 3 – Year Term
    • 5 – Year Term
  • Minimum initial investment of $1,000 is required.
  • Penalties for early withdrawals.

ROTH IRA

  • DEPOSITS up to $5,500 ($6,500 if 50 or older) per individual.
  • FLEXIBILITY: Available for withdrawal anytime but you may incur taxes and/or penalties if you are under age 591⁄2.
  • PAY NO TAXES IN RETIREMENT: Once you reach age 591⁄2 you may qualify for tax-free withdrawals of Roth IRA contributions and any accumulated earnings.
  • SPENDABLE INCOME: More spendable income in retirement. There are no minimum distribution requirements.
  • TO CONTRIBUTE TO A ROTH IRA, single filers must have a modified adjusted gross income (MAGI) under $133k for tax year 2017.
  • MARRIED COUPLES filing jointly must have a MAGI under $196k for tax year 2017.
  • Minimum initial investment of $2,000 is required.

TRADITIONAL IRA

  • TAX ADVANTAGES: All or some of your contributions may be tax-deductible: $5,500 yearly ($6,500 if 50 or older). Your contributions will accumulate earnings and grow tax-deferred.
  • INCOME RESTRICTIONS: No income restrictions on eligibility to contribute. You must begin taking required minimum distributions (RMDs) when you reach age 701⁄2.
  • Minimum initial investment of $2,000 is required.

ROLLOVER IRA

  • Whether you’re retired, close enough to retire, changing jobs, or just want to rollover your funds, a Rollover IRA is one of several options for managing your retirement account.
  • No minimum required.

RETIREMENT ACCOUNTS

  • Whether you’re retired, close enough to retire, changing jobs, or just want to rollover your funds, a Rollover IRA is one of several options for managing your retirement account.
  • No minimum required.
  • Transfer of existing IRA’s.
  • Rollover of qualified employer based retirement plans. (401K, 457)
  • Start new IRA’s and Roth IRA’s.
  • Minimum initial investment of $2,000 is required.
Investment Calculator

“This interest calculator is provided by COGBFFS for your convenience as a self-help tool, but is not intended to provide financial advice. All calculations are hypothetical and may differ from actual interest on your COGBFFS investment based on a number of factors. This calculator compounds interest quarterly and assumes any contributions take place at the beginning of the month. We encourage you to speak to your qualified tax or financial professional for advice regarding your specific financial needs.”