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| An Individual Retirement Account (IRA) is one of the best ways to save for retirement. Earnings on IRAs are not taxed until funds are withdrawn from the account, which helps your account grow more rapidly. Contributions may even be tax deductible–consult your tax advisor for details. Certain types of IRAs are tax free when they are used for an approved purpose, such as education or retirement. At Union Pacific of Arkansas Federal Credit Union, two types of IRAs are available: Traditional and Roth. For more information on the right IRA plan for you, click here to request more information. |
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