Your life's next chapter could be the best one yet
Keep all your options open with a well-funded IRA
There are two basic retirement lifestyles. In one, you're kicking back, sleeping in and cuddling with the grandkids. In another, you're stepping out, gearing up and chasing new adventures. Either way, go for it. Our goal is to help you build up a nest egg that won't crack before you do.
Traditional IRA
- Contribute up to $7,000 annually ($8,000 if over age 50)
- Enjoy potential tax benefits when you make annual contributions
- Annual dividends and interest returns grow tax-free
- Pay taxes only when you make withdrawals
- Withdrawals can be made without penalty at age 59 ½. Withdrawals must begin no later than age 73 (Consult a tax advisor for full details)
Roth IRA
- Contribute up to $7,000 annually ($8,000 if over age 50)
- Annual dividends and interest returns grow tax-free
- No taxes on withdrawals
- Roth IRA funds can be used to cover some higher education and home-buying costs (Consult a tax advisor for full details)
Coverdell IRA
- Contribute up to $2,000 per child under age 18
- Contributions are not tax deductible, but earnings grow tax-free
- Money can be used for qualified education expenses. This includes private elementary and secondary school tuition as well as higher education. (Consult a tax advisor for full details)
IRA Service Center
Hey, you only retire once. You want to get it right. To learn more about IRAs or to open one online, visit our IRA Service Center. If you have questions or otherwise want some friendly assistance, you can call us at 800.232.8669 or stop by any Excite Credit Union location.
