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IRAs

INDIVIDUAL RETIREMENT ACCOUNT (IRA)1

An Individual Retirement Account (IRA) is like a 401(K) plan but for individuals.  An IRA is a savings account that lets you invest and grow your money for retirement in a tax-advantaged way.  IRAs are designed for tax-free or tax-deferred savings growth.  Thanks to those tax-advantages, you'll save more money now and for FUTURE YOU.  

There are more reasons why IRAs are a great tool to grow your retirement savings.  IRA accounts, since they belong to YOU (the individual) and are exclusively yours.  Any Member with a taxpayer identification number (i.e., social security number), regardless of age, can open and contribute to an IRA account.  That means it's EASY to open and begin immediate contributions to an IRA account.

How it Works:

Simply add money to your IRA over time and watch your investment grow. Eventually, investments can be withdrawn to provide income for retirement.  There are two main types of IRAs.  Both are tax-deferred as long as the money remains in the IRA:

  • Traditional IRAs
  • Roth IRAs

Invest in yourself!  Open an IRA account!

What type IRA is best for you?
Traditional IRA1

Traditional IRAs are individual retirement accounts that allows you to make contributions with pre-tax dollars for immediate tax benefits. 

  • Earn up to a $1,000.00 tax credit
  • Contributions are made with pre-tax dollars
  • No income limits to make contributions
  • Distributions are required at a certain age

Traditional IRAs

Roth IRA2

Roth IRAs are individual retirement accounts that allows to you to make contributions with after-tax dollars.

  • Earn up to a $1,000.00 tax credit
  • Contributions are made with after-tax dollars
  • There are income limits to make contributions
  • No requirement of distributions at any age

ROTH IRAS

Retirement planning made easy with Ascensus3.

To offer our Members even more great benefits, we have a partnership with Ascensus, the largest independent retirement services provider in the United States. This partnership allows Members to easily complete IRA documents online before being sent to the Credit Union for processing.  Invest in yourself today!

GET STARTED  IRA CALCULATOR

Talk with our IRA consultants concerning specific information about rates, IRS guidelines, and account procedures by calling (800) 467-5427.