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IRAs

Save for Your Future with an IRA

Call FCU offers two types of the tax-advantaged savings accounts known as IRAs or Individual Retirement Accounts. These account are dependable ways to save for the future. 
 
Traditional IRA
  • Contributions to this type of IRA may be tax deductible in the year the contributions are made, and taxes due on the earned interest are deferred until the funds are withdrawn
  • Deductibility for tax purposes depends on active participation in a qualified retirement plan and/or taxable income
  • Safe investment for 401 K or other retirement funds rollover
  • Deposits can be made up to April 15th for the previous year
Roth IRA
  • Contributions are post-tax, and growth may be tax-free
  • Contributions can be made after age 70 ½, and no withdrawals are required during the account holder's life
  • Withdrawals from a Roth IRA are tax- and penalty-free as long as the account has been open for at least five tax years and you are either over 59 ½, disabled or buying a first home
  • Deposits can be made up to April 15 for the previous year​

Click Here for full Truth-In-Savings Disclosure