The key to achieving your dream of financial freedom is to take the planning process one step at a time. It can be fun! Each step you take will bring you closer to making your dreams a reality. It's never too late to start.

Ever wondered how much money you would need to retire early? Or even how long your current retirement savings would last? Use Madison News Credit Union's Visual Retirement Calculator to find out. It's easy and it's fun!

IRA Passbook Account
IRA (Individual Retirement Accounts) offers a tax-deferred means of investing for retirement years.

A minimum balance of $5 is required to open and maintain this account. At least $100 is required to obtain the disclosed annual percentage yield.

Dividends are earned daily and paid monthly. Dividends are not earned for the month in which the account is closed.

Certificates of Deposit
Open a certificate of Deposit with $500. This type of investment pays a higher dividend rate than other savings types and includes a defined period of time between 3 to 48 months. The funds must remain on deposit to avoid an early withdrawal penalty.

Dividends on certificates are earned daily and compounded and paid quarterly.