Individual Retirement Accounts (IRA)
It's never too late, or early, to plan for your retirement. A SAFCU IRA is a smart addition to your retirement portfolio, providing potential tax advantages.1 Whether you plan to retire in a few years or a few decades, SAFCU is the place to get started. We offer two IRA plans to help you start saving:
A Traditional IRA plan offers three basic benefits: Security for your retirement years; tax-deferred dividends until you withdraw your funds (as early as age 59-1/2); and a possible deduction from annual gross income on your federal income tax return. These tax advantages make the Traditional IRA a powerful tool in creating a balanced, long-term savings plan. Get current rates.
Roth IRAs allow participants to make an annual contribution up to $4,000. Unlike a Traditional IRA, Roth IRAs permit continuing contributions after age 70-1/2, and there is no requirement to begin withdrawals at age 70-1/2. Retirement savers can have both a Traditional and a Roth IRA, but combined contributions in any tax year are limited to a total of $4,000. The Roth IRA offers more incentives to boost your retirement savings. Get current rates.
Learn more about SAFCU IRAs
Deciding between a Traditional IRA and a Roth IRA.
Two ways to invest: IRA Certificates and IRA Savings.
Have an IRA question?
Call (800) 541-2546
1 Contact your tax advisor for details.