At Homestead, we have an investment account just for you. Learn more about our individual, corporate, retirement and cooperative benefit plan accounts here:
- Regular Account: Individual and joint accounts can be used to save for long-term financial objectives or to establish a rainy day account.
- Trust Account: Can be used as an effective estate planning tool.
- Accounts for Minors: Education Savings Accounts can be used to save for a child’s education. Uniform Gifts to Minors Act (UGMA) and Uniform Transfers to Minors Act (UTMA) accounts can be used to save for anything benefiting the minor (including education).
- You can establish an account in the name of a corporation, trust, partnership or other entity.
- Roth IRA: In combination with a regular 401(k) account, it’s a way to create an efficient tax strategy for retirement.
- Traditional IRA: Even if you don’t meet the deductibility test, you benefit from tax-deferred growth.
- Spousal IRA: Contributions made on behalf of a nonworking spouse can reduce your taxable income.
- Rollovers to a Traditional or Roth IRA: Homestead Funds welcomes rollovers from employer plans, including NRECA’s 401(k) and RS Plans.
Cooperative Benefit Plan Accounts
- FAS-106 Trust Accounts: Establish an account to cover future retiree medical costs.
- Deferred Compensation Plan Accounts: Use Homestead Funds as the funding vehicles for these plans. Designed to help members attract, retain and compensate directors, CEOs and key employees.
Homestead Funds does not offer legal or tax advice. Please consult the appropriate professional regarding your individual circumstance.