IRAs (Individual Retirement Accounts) are one of the most flexible financial instruments and one of the best deals that have ever been devised for the American taxpayer. Collectively, they are known as tax deferred accounts because the tax on them is deferred. The rules for IRA’s are really complex. (The rules were designed by politicians and are monitored by the Internal Revenue Service). Between our IRA staff specialist and the CUNA Mutual Insurance group that we have retained to run the program, we can answer any questions that you might have. Just call them at the Credit Union and they will help you set it up.