Individual Retirement
Individual Retirement Accounts (IRAs)
An IRA is a popular savings account that allows anyone with earned income to contribute to the account and watch it grow. We offer:
- Traditional IRAs, which earn tax-free until withdrawn as retirement income.
- Roth IRAs, funded with after-tax dollars then grow tax-free.
- Rollover IRAs**, typically funded by an employer-sponsored retirement account like a 401(k), 457(b), and 403(b).
- SEP and SIMPLE IRAs for businesses of any size looking after their employees’ future.
Brokerage Accounts
A brokerage account allows you to buy and sell a variety of investments like stocks, bonds, mutual funds, and ETFs. There are two types to choose from:
- Individual brokerage accounts, which involve a broker buying and selling securities on a sole investor’s behalf.
- Joint brokerage accounts involve two or more account holders investing through a brokerage firm.
Resources
6 Steps to Prepare for Your (Financial) Future
Small steps and helpful tools—like the right savings account (they’re not all made equal)—can help you get ahead. Here are six small steps you can take.
7 Ways To Spring Clean Your Finances
Spring is a great time to take stock of your financial situation. Do a hard reset on your finances by following these helpful tips.
SELCO Digital Access: Secure, Quick, and Simple
SELCO offers a variety of digital tools that allow you to manage your accounts anywhere, anytime. Think of our digital tools as your virtual branch.
Debt Snowball vs. Debt Avalanche
Looking for an efficient way to eliminate your debt? Discover the debt snowball and debt avalanche, which focus on paying off one debt at a time.
Check the background of investment professionals associated with this site on FINRA's BrokerCheck.
* Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. SELCO Community Credit Union and SELCO Investment & Retirement Services are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using SELCO Investment & Retirement Services, and may also be employees of SELCO Community Credit Union. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, SELCO Community Credit Union and SELCO Investment & Retirement Services. Securities and insurance offered through LPL or its affiliates are:
| Not Insured by NCUA or Any Other Government Agency | Not Credit Union Guaranteed | Not Credit Union Deposits or Obligations | May Lose Value |
SELCO Community Credit Union (“SELCO") provides referrals to financial professionals of LPL Financial LLC (“LPL”) pursuant to an agreement that allows LPL to pay SELCO for these referrals. This creates an incentive for SELCO to make these referrals, resulting in a conflict of interest. SELCO is not a current client of LPL for advisory services. Please visit https://www.lpl.com/disclosures/is-lpl-relationship-disclosure.html for more detailed information.
The LPL Financial registered representative(s) associated with this website may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state.
**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.