Traditional IRA

A Traditional IRA is a simple way to save for retirement that offers immediate tax advantages. You can contribute money on a tax-deferred basis each year.

A Traditional IRA offers tax-deferred growth on your contributions. Unlike Roth IRAs , contributions to a Traditional IRA may be tax deductible.

Traditional IRA benefits:

  • The opportunity to lower your tax liability. Contributions may be tax deductible depending on your participation in a qualified retirement plan and on your adjusted gross income.
  • Tax-deferred growth. You don't pay taxes on your earnings until you withdraw money.
  • A wide range of options from which to choose to meet your individual needs.
  • Flexibility to invest as much as you'd like up to annual limits.

Next Steps

Choose a way to request your Traditional IRA.

Need more help to plan for retirement?

To learn more about additional IRA investment options, contact your LGFCU Financial Advisor at financialplanning@lgfcu.org or 877.367.5428.