DELAYED OPENING: On Thursday, January 4, 2018, Truliant’s Alamance County, Asheboro, N.C. and Richmond, Va. locations will open at 10 a.m. due to inclement weather. All other locations will have normal business hours. You can still pay bills, transfer funds, apply for loans and more using Truliant’s Tru2Go online tools.
Delayed Opening: On Friday, Jan. 19, 2018, all North Carolina Truliant locations will open at 10 a.m. due to snow conditions. Truliant's Virginia and Greenville, S.C. locations will open with regular hours. You can also pay bills or transfer funds by using our Tru2Go online tools: truliant.org/tru2go. Apply for loans by calling our 24-hour loan line at 855.293.2957 or by visiting our loan application page.
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Why Have an IRA?

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In the last blog, you learned what an IRA is.  Now you might be asking, “Why should I have an IRA?”

Did you know you can have an IRA & a 401(k)?  Many people just rely on an employer’s 401(k) plan for their retirement, but a 401(k) typically has restrictions on it, which your employer essentially controls when a person can access their funds.  As our Senior Financial Advisor, Terry Colen, likes to say, “The first letter in IRA is ‘I’, meaning I control the money.” 

And there are tax benefits!  Who doesn’t want to have tax deductions (Traditional IRA) or earn money tax-free (Roth IRA)?  Of course, there are some restrictions on the tax benefits from IRAs, but our Member Service Specialists can give you more information.  (As with any tax conversation, we do suggest consulting a tax advisor as well.)

Graduation Cap

Another idea?  Use a Roth IRA to save for your children’s or grandchildren’s higher education expenses.  Unlike a 529 plan, the Roth IRA gives you a bit more flexibility.  In the event the child you’re saving for doesn’t go to college, you can keep the funds in your IRA, and you’ve just saved that much more for your retirement!

I could go on and on about why you should have an IRA as part of your financial well being plan.  But one of the best places to go for a complete list of these benefits?  Your nearestMember Financial Center, so stop by soon and start saving for your future!

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