Secure Your Future with Our IRA Options
To help you plan for a secure financial future, we offer a variety of Individual Retirement Accounts (IRAs), insured separately by the NCUA up to $250,000, and providing you peace of mind as you save for retirement. Need more information? Contact our financial experts today for help or to open an IRA.
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Compare Our IRA Types
| Feature | Traditional IRA | Roth IRA | Educational IRA |
|---|---|---|---|
| Why Choose This IRA | Ideal for those who want to reduce taxable income now and expect to be in a lower tax bracket in retirement | Great for those who expect to be in a higher tax bracket in retirement and want tax-free withdrawals | Perfect for parents or guardians saving for a child's education with tax-free growth |
| Tax Benefits | Tax-deferred contributions and earnings | Tax-free withdrawals for certain reasons after 5 years | Tax-free withdrawals for qualified education expenses |
| Contribution Taxation | Contributions may be tax deductible | Contributions are taxed in the year they're earned | Contributions are taxed in the year they're earned |
| Withdrawal Taxation | Taxed upon withdrawal | Tax-free for qualified distributions | Tax-free for qualified education expenses |
| Eligibility | Based on income and tax filing status | Based on income and tax filing status | Beneficiary must be under 18 or a special needs beneficiary |
| Contribution Limits | Subject to annual limits | Subject to annual limits | Subject to annual limits |
| Additional Features | Flexible contribution methods (in person, mail, online) | Generous incentives for retirement savings | Ideal for saving for education expenses |