Tax Advantages
Your Roth IRA earnings are tax-deferred until age 59 1/2. However, if the IRA has been open for five tax years, withdrawals are tax-free if the withdrawal is for a specific reason (disability, death, or a first-time home purchase).
The contributions you have made to your Roth IRA can be withdrawn tax-free and penalty-free at any time.
Make It Easy
Use payroll deduction to have contributions made to your IRA directly from your paycheck. Interest on your Roth IRA is compounded quarterly.
Pump Up Your Compounding – Increase Your IRA Interest
Choose a CD for your IRAs and receive two advantages: your interest is compounded monthly and you receive a higher interest rate.
You will find that our CD rates are the best in the area. We invite you to compare.
Note: There is no annual fee for IRA accounts at your credit union.
For More Details
To find out your eligibility for contribution amounts, tax deductions, beneficiaries, and other additional information; contact your Financial Services Representative at the credit union at 479-4040. We can also send you additional literature on IRAs. It is always recommended that you consult with your tax accountant or financial advisor regarding your choice of an IRA.
