Work With Someone You Know
Where do you see yourself in 5, 10, or even 20 years? Does your financial strategy align with those goals? What if you had access to an experienced financial professional who cared as much about your future as you do?
A financial professional located at Northwoods Credit Union is available to learn about your goals and work with you on your strategy.
Together, you’ll work towards creating a future that can make those financial goals a reality.
Seek to Achieve Your Financial Goals With Us
Jodi Lunke, Financial Services Coordinator
Jodi L. will help connect you with one of our advisors at your convenience!
Located at Northwoods CU
1702 Avenue B
Cloquet, MN 55720
Ed Grondahl
- Wealth accumulation during your working years
- Security and independence in your retirement
- The transfer of assets in the most advantageous manner
Regardless of where you are in life, I have the tools and financial products that, along with your collaboration, we can combine into an appropriate assessment for you.
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FAQs
What's the difference between a 401 (k) and an IRA?
A 401 (k) is an employer-sponsored retirement plan and you are limited to the investments the employer offers. An IRA is an individual retirement account that individuals open through a bank or a brokerage firm and it allows you to invest in many different stocks, bonds, or mutual funds.
What's the difference between a Roth and Traditional IRA?
Traditional IRA contributions are deductible from taxes and your account grows tax-deferred. You pay taxes when you withdraw your funds in retirement. Roth IRA contributions are not deductible but your account grows tax free and you pay no taxes when you withdraw your funds in retirement.
| Not Insured by NCUA or Any Other Government Agency | Not Credit Union Guaranteed | Not Credit Union Deposits or Obligations | May Lose Value |
Your Credit Union (“Financial Institution”) provides referrals to financial professionals of LPL Financial LLC (“LPL”) pursuant to an agreement that allows LPL to pay the Financial Institution for these referrals. This creates an incentive for the Financial Institution to make these referrals, resulting in a conflict of interest. The Financial Institution is not a current client of LPL for advisory services. Please visit https://www.lpl.com/disclosures/is-lpl-relationship-disclosure.html for more detailed information.
The LPL Financial registered representative(s) associated with this website may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state.
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Contributions to a traditional IRA may be tax deductible in the contribution year, with current income tax due at withdrawal. Withdrawals prior to age 59 may result in a 10% IRS penalty tax in addition to current income tax.
A Roth IRA offers tax deferral on any earnings in the account. Qualified withdrawals of earnings from the account are tax-free. Withdrawals of earnings prior to age 59 or prior to the account being opened for 5 years, whichever is later, may result in a 10% IRS penalty tax. Limitations and restrictions may apply.
Retirement and Investment Services