Find the IRA to meet your retirement goals
An IRA, or Individual Retirement Account, is a personal savings plan exclusively for retirement while providing possible tax advantages¹ and is ideal for the member who is seeking:
- A risk-free, competitive, dividend earning retirement savings plan
- To avoid paying administrative or commission fees
- An insured investment up to $250,000 per account
- To rollover or direct transfer money from an existing IRA from another entity or qualified retirement plan
What is the difference?
Contributions are not tax-deductible; however, the money in your Roth IRA, including earnings, may be withdrawn tax-free when completed as a qualified distribution.¹
Traditional IRAs offer tax-deferred earnings and the possibility for tax-deductible contributions. Distributions are taxed as ordinary income.¹
Consolidate retirement assets with former employers into one, easy-to-manage account.
Coverdell Education Savings Account (ESA)
An account to help parents and students save for education expenses.
¹Not intended as tax advice. Please consult a tax professional. The above descriptions are meant to be educational in nature. Certain restrictions apply to every type of IRAs to take full advantage of their favorable tax treatment. It's important to understand the requirements and limitations on the various IRAs. They are outlined in IRS Publication 590, Individual Retirement Arrangements. To obtain a copy of this publication, log on the IRS website: www.irs.ustreas.gov.
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