We provide a variety of choices for your IRA. Whether you are a conservative investor, or you want to take on a little more risk to possibly get a higher return, our financial advisors, registered through CUSO Financial Services, L.P.*, can help you assess the best investment for your situation.
We can also help you rollover an existing IRA**. This is a tax-free transfer of cash or other assets from one retirement program to another***. There are two kinds of rollover contributions to an IRA:
If you have a 401(k) or a 403(b) account with a previous employer, you may be incurring hidden administrative fees.
The best times to consider rolling over these employer-sponsored investments are:
Rolling over into a CFS* Investment and Retirement account at Inter American Trust Bank may help you:
*Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA/ SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. Inter American Trust Bank has contracted with CFS to make non-deposit investment products and services available to credit union members.
**Before deciding whether to retain assets in an employer sponsored plan or roll over to an IRA an investor should consider various factors including, but not limited to: investment options, fees and expenses, services, withdrawal penalties, protection from creditors and legal judgments, required minimum distributions and possession of employer stock.
***CFS and its representatives do not provide tax advice. For such advice, please contact a tax professional.