You can invest in an individual retirement account (IRA) for just a few hundred dollars or less. Opening an IRA at South Carolina Federal Credit Union usually requires a lower minimum deposit than if you invest in a taxable fund, such as a mutual fund. Nearly half of all mutual funds have a minimum initial investment of $1,000 or more.
Even if you invest during a declining market, when prices eventually rise, you'll be glad you got your portfolio up and running. Call South Carolina Federal Credit Union today for more information.
*Neither CUNA nor the author of this article is a registered investment adviser. Readers should seek independent professional advice before making investment decisions. Copyright 2008 Credit Union National Association Inc. Information subject to change without notice. For use with members of a single credit union. All other rights reserved