Individual Retirement Account (IRA)

After all your hard work, you've earned this

Most people spend decades in the workforce, juggling jobs and family life. Then one day you retire, and it all gets easier - especially if you've planned ahead. With a savings strategy anchored by an Abound IRA, you can build a nest egg that brings you financial security and peace of mind.

• Contribute up to $6,500 per year to your IRA ($7,500 if over age 50)
• Traditional and Roth IRAs available
• With Traditional IRAs, you may be able to take a tax deduction each year you make a contribution
• With Roth IRAs, all qualified withdrawals are tax-free
• With Traditional IRAs, earnings are tax-deferred until distributions are made
• Earn more with a 59-month Rate Riser Certificate that's specifically designed for Abound's IRAs
• For more information about IRAs, consult an Abound expert or your financial advisor

Coverdell Education Savings Account (ESA)

Before reaching your retirement years, you may face another financial challenge - paying for a child's education. One way to grow funds for college or private school costs is with Coverdell accounts, which feature many of the same tax advantages as IRAs.

• Contribute up to $2,000 per year per student
• Funds can be used for both higher education and private elementary and secondary school costs
• All annual dividend and interest income is tax-exempt and qualified withdrawals are tax-free
• Funds can be used to cover tuition, room and board, academic fees and equipment such as laptops

Abound Credit Union is a full-service financial institution with locations throughout central and southern Kentucky.