The Relationship Between the Federal Tax Filing Extension & IRAs
You may have heard that the Federal tax filing deadline has been extended from today, April 15, 2021, to May 17, 2021. In addition to providing a few more weeks to file your taxes, this also means you have more time to contribute to an IRA and lower your 2020 tax bill.
NEW! Free Resources to Answer Your IRA Questions
It's important to discern the difference between Traditional and Roth IRAs, and we have many resources to help! Visit our website for resources that explain many IRA topics, such as:

  • The differences between a Traditional IRA & a Roth IRA.
  • Traditional IRA: Save on your own for retirement with tax-deferred earnings & a possible tax-deduction.
  • Roth IRA: Save for retirement with potential future tax-free income.
  • How to move your retirement savings without losing tax benefits.
  • Be sure you understand the rules & possible tax consequences of taking IRA & retirement plan distributions.
  • Understand your beneficiary distribution options.

However, as part of our ME1st Banking Promise,
you can always talk with one of our IRA representatives at (800) 245-6199,
MEMBERS1st Community Credit Union
Ames | Boone | Eldora | Iowa Falls | Marshalltown | Traer
(800) 245-6199
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