IRA Investments to Save For Retirement

Traditional IRAs

A smart way to save for the future. Many people choose traditional IRAs in lieu of or in addition to employer-offered 401(k) plans.

• Can be opened without any employer participation.
• Can be opened as a certificate or club.
• Contributions and earnings are tax-deferred until retirement.
• Unlike many employer plans, your money is always accessible.
• Until age 59 and-a-half, there will be a 10% early distribution penalty, unless you qualify for an exemption.¹

^{1 Possible exemptions include disability, qualifying education expenses, unemployment, qualifying first-home purchases, death or receipt of your IRA assets in equal payments over your life expectancy.}

Roth IRAs

Offering a tax-deferred twist to traditional IRA saving, a Roth IRA could be right for you.

• Your contributions are taxed, meaning your principal is never subject to taxes or penalties in the future.
• Can be opened as a certificate or club.
• Your money grows tax-deferred.
• If you don't withdraw any earnings in the first five years, or if you satisfy one of the qualifying events, then your tax-deferred earnings become tax-free!

IRA Certificates

Smart options for members looking for short-term savings.

• An IRA Certificate pays a monthly dividend rate.
• Certificate terms available from six to 60 months.
• A minimum of $1,000 is required to set up a share certificate.
• Advantage Certificate terms available for 1-year and 5-years which pay a premium dividend.

An IRA Club Share Account allows you to make ongoing deposits.

• You won't be locked into a particular period of time.
• Allows you to easily start an IRA since there is no minimum to open an account. 
• Dividends paid monthly.