We offer Traditional and Roth Individual Retirement Accounts (IRAs) to assist you in preparing for your golden years. Choose from a savings account that allows you to grow your nest egg incrementally, invest in a Certificate with terms between 1 and 5 years, or use a combination of both programs. We administer your IRA account according to IRS requirements and are happy to assist you with direct transfers, rollovers, distributions, and contributions. And for members over 59 1/2 years of age and taking periodic payments, there are no early withdrawal penalties. Start saving today to ensure a comfortable retirement.
A traditional IRA is a type of individual retirement account that lets your earnings grow tax-deferred. You pay taxes on your investment gains only when you make withdrawals in retirement.
A Roth IRA is an individual retirement account that offers tax-free growth and tax-free withdrawals in retirement. Roth IRA rules dictate that as long as you’ve owned your account for 5 years and you’re age 59½ or older, you can withdraw your money when you want to and you won’t owe any federal taxes.