Traditional IRA

All wage earners, regardless of whether or not they currently participate in an employer-sponsored or government retirement plan, may open this type of account.

• No annual maintenance fees
• Tax deferred earnings
• Low opening deposit of $25
• Possible tax deductibility
• Early withdrawal exceptions
• NCUA federally insured*
  

*Effective April 2006, the NCUA began insuring credit union retirement accounts up to $250,000. This insurance protection is separate from the $100,000 basic coverage on other credit union accounts.

Deciding between Traditional or Roth IRAs? For more information click here.