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Retirement Planning

Start early
Reduce taxes
Revisit your plan often

Time is your best friend when it comes to growing your retirement nest egg. Starting even just a few years earlier could double your money at retirement age! That's the power of compounding interest.

Get started today by opening an IRA!

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Rest easy now knowing you are preparing for your future.

The average person should start saving for retirement between the ages of 18 and 21, when basic education is complete and income is being generated. For many, that sounds too early. But when you consider the benefits of starting early, it's a no brainer. The earlier you start saving for retirement, the less you'll have to sacrifice during your working years and the more your nest egg will grow.

That's right — save less each year AND end up with more in the end. That's the beauty of starting early.

So now that you understand the time to start saving for retirement is now, let's get to it.

Seven Steps to Improving Your 401(k) Balance: Plan today for a better tomorrow!

Retirement Planning Mistakes to Avoid: Know What NOT to Do In Order to Maximize Your Earnings.

Where to Invest Your Retirement Money: A variety of options are available to you.

How Much to Save for Retirement: Saving early on means sacrificing less later.

Five Keys to Investing for Retirement: Following basic rules will help you make smarter choices.

Financial Calculators

Use these savings and retirement calculators to help give you a better idea of how to save for your retirement.

How much will I need to save for retirement?Opens in New Window
How much will I receive in Social Security?Opens in New Window
I'm retired, how long will my savings last?Opens in New Window
How much can I save with my 401(k)?Opens in New Window
Compare Roth 401(k) and Traditional 401(k) retirement savings plans.Opens in New Window
How much will inflation affect my retirement?Opens in New Window

Ready to Get Started?

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Knowledge is power. Be in the know for financial betterment.

1.00% APY Checking Bonus
Enjoy our 1.00% APY² Checking Account Bonus — earn an outstanding rate with simple terms.

Maximize your hard-earned dollars
Shared Branches & ATMs
Our members have access to Co-Op Network Shared Branches & ATMs for all basic transaction needs.

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Schedule a Branch Visit
Visit one of our eight branch locations, conveniently located in DC, Maryland and Virginia.
Schedule a branch visit today

Lafayette Federal Credit Union is one of the premiere financial institutions in the Washington, D.C. area, now serving DXC and CSRA employees. Since our founding in 1935, we have sought to provide our members with a safe and convenient place to save, and to offer loans at rates and terms more favorable than those of other financial institutions. We also work hard to provide top-notch customer service. Contact us to obtain a copy of our Annual Report.

© 2021 Lafayette Federal Credit Union |
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Retirement Planning

1.26% APY*

Rest easy now knowing you are preparing for your future.

Financial Calculators

1.26% ^APY*