A traditional IRA is a retirement plan that offers tax-deferred earnings, and the possibility for tax-deductible contributions. These tax advantages make the traditional IRA a powerful tool in creating a balanced, long-term savings plan. Be sure to also view our helpful IRA FAQ below.
A traditional IRA brings you significant upfront tax advantages, and with less money taken out for taxes, the power of compound earnings is strengthened. Your earnings are tax-deferred. Over the next several years, the amount you can contribute is increasing and may be tax-deductible if you qualify.
NOTE: NCUA has now increased retirement and Share Account coverage to $250,000.
With a Traditional IRA:
- Earnings accumulate tax-deferred
- Contributions are tax-deductible if you qualify
- The amount you can contribute is increasing
- No deposit required to open
Learn more from the Traditional IRA FAQ.
Use our IRA center to:
- Open your IRA
- Make a withdraw from your IRA
- Contribute to your IRA
- And much more
For additional information contact us at Click 4 Answers.
