No one can Survive on

Senior discounts alone

So you’re doing everything possible to live a long, healthy life. Less junk food, more exercise, and fewer nights burning the midnight oil at work. But the thing about becoming a physically fit senior is that you’ll need to pull together lots of cash to see you through all those active post-retirement years.

ALLIANCE has what it takes to help our West Texas members reach those goals. We offer several Individual Retirement Accounts that come with investment options, tax benefits, and other potential uses beyond supporting the next chapter of your life. It’s sort of like your fitness routine. If you start saving early and do it often, you’ll develop the financial muscle you need to finish strong.

Traditional IRAs – Take advantage of tax benefits today

• Contribute pre-tax dollars
• Your money grows tax-deferred
• Withdrawals are taxed as current income after age 59 ½
• Mandatory distributions at age 73
• Consult a tax professional to see which IRA is right for you

Roth IRAs – Enjoy tax-free withdrawals in the future

• Contribute after-tax dollars
• Your money grows tax-free
• You can generally make tax- and penalty-free withdrawals after age 59 ½
• No mandatory distributions
• Consult a tax professional to see which IRA is right for you

Coverdell ESA

Coverdell accounts are structured like IRAs, and enjoy some of the same tax benefits, but the money is targeted for education expenses.

• • Contribute up to $2,000 annually per child
  • Dividends and earnings grow tax-free
  • Use for qualified expenses from kindergarten through college
  • Any family member – including grandparents – can contribute to a single student’s account
  • Consult a tax professional for full details about tax advantages