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Individual Retirement Accounts (IRAs) provide an excellent way to save for the future. Your earnings are sheltered from taxes—allowing your money to grow faster than funds in an ordinary savings account.
At ETFCU, you'll find all the features you're looking for in an IRA:
- You'll enjoy great rates on your account.
- ETFCU IRAs feature no set-up or annual fees.
ETFCU offers three types of IRAs:
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Traditional IRA - Returns on your Traditional IRA investment are tax deferred until you make a withdrawal from the account, at which point you pay taxes on all pre-tax dollars. Traditional IRA accounts are a more flexible retirement savings account, meaning the account can be used for other important life events. |
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Roth IRA - The Roth IRA is designed for middle-income members who do not qualify for the Traditional IRA annual tax-deductible contribution, but still want to take advantage of tax-free earnings growth. |
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Coverdell Education Savings Account - A Coverdell Education Savings Account can be opened for any child under the age of 18 to fund his or her education. Withdrawals from the account are tax-free if used to pay for primary, secondary, or post-secondary education expenses. |
Contact any ETFCU office for more information. Additionally, self-directed IRAs are available
through MEMBERS Financial
Services at ETFCU.
IRA Contribution Limits
Qualifying IRA owners may contribute up to $5,000 to a Traditional or Roth IRA for tax year 2012, and IRA owners age 50 or older can contribute an additional $1,000. The 2011 limits are the same and can be made through April 17, 2012.
Visit any ETFCU location to open or contribute to your IRA today!
Click here to contact a representative from the ETFCU Investments Department.
Visit our rates section.
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