Planning for Retirement

Saving and investing early for retirement can help you to spend more time pursuing your life long dreams rather than worrying about when and if you'll be able to pay for them.

Securing your retirement should combine a specific mix of investments and insurance. Yet knowing where to begin can be difficult.

We've developed a comprehensive Financial Planning Guide, which contains ample information on retirement planning and step-by-step guides to get you on the road to financial independence.

Once you've begun planning for your financial future, choose from our mix of insurance, banking and investment products to help meet your specific goals.

Investing

Investing: Individual Retirement Accounts - Mutual Funds

Investing for retirement requires a balanced financial portfolio that takes into account your risks, goals and objectives.

AFBA 5Star Fund offers several investment products to meet your current financial goals that grow and evolve with you as you approach retirement.

Your investment dollars can be placed in a Roth IRA or Traditional IRA. These types of accounts offer potential tax savings and are available in all of our mutual fund products.

Banking

Banking: Certificates of Deposit

If you prefer saving your money long term with a guaranteed return, 5Star Bank's Certificates of Deposit offer competitive interest rates based on the term you choose. Your CD interest is guaranteed for the term of the CD regardless of changing market conditions so you know your money will grow without the need for constant supervision.

View your CD online, track earnings, and request a quarterly statement. Interest is compounded daily and credited monthly. At CD maturity the principal or interest can be rolled over into a new CD or transferred to another 5Star Bank account for convenience and flexibility. The choice is up to you.

Individual Retirement Accounts - Bank Product

If you want to save long term for retirement and want the added benefit of tax-deferred or tax-free savings, 5Star Bank offers Traditional and Roth IRA accounts.

An IRA is a quality investment for long-term planning, providing you with options for contributing money to the fund in a way that best fit your goals.

With long-term planning and consistent contributions, your IRA can grow over time to provide financial security for you and your family upon retirement.