Traditional IRAs offer tax-deferred earnings,* and the possibility for tax-deductible* contributions. These tax advantages make the Traditional IRA a powerful tool in creating your balanced, long-term savings plan.
- Contributions may be tax-deductible* and earnings are tax-deferred.*
- IRA owners can make regular contributions up until the tax year in which they attain age 70 ½, when they have earned income.*
- Allowable annual contributions are up to $5,500 for under age 50 and an additional $1,000 Catch-up limit for age 50 and over.
*Consult a tax professional regarding the tax advantages of IRAs.
Investment options are Shares and Term Shares (CD).
All IRA eligibility restrictions and requirements apply.
NCUA Insurance Coverage
NCUA insurance coverage for IRAs is up to $250,000 on combined accounts.