retired old couple enjoying a peaceful retirement with a UKRFCU IRA
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IRAs FAQs: Traditional IRA

A traditional IRA is a type of retirement plan that has been in existence since 1975. Traditional IRAs offer tax-deferred earnings and the possibility for tax-deductible contributions.

little happy girl running through a field
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Teach Children About Money

Teaching basic money management skills to children is critical. Teens spend more than $170 billion a year, according to Teenage Research Unlimited, yet fewer than half know the basics about credit, checking, savings accounts, or auto insurance.