IRAs

 

Looking for an easy and secure way to save for Retirement? Traditional and Roth IRAs are available

Couple riding bikes in autumn

 

Traditional IRAs

  • A good choice if you wish to save on your taxes now and defer those taxes to when you retire
  • Contributions may be tax-deductible
  • Required Minimum distributions must begin when you reach 70 ½
  • Can begin taking distributions without a penalty at age 59 ½
  • Please check with your tax adviser for Deductibility and deferment options

Roth IRAs

  • Designed for those members who want flexibility in their distributions
  • Tax free growth
  • Contributions are always withdrawn tax-free and earnings are tax free after a 5 year aging requirement
  • Income eligibility restrictions apply.

 

Difference between IRAs Branch Locations Share Insurance Fund