IRA Investment Options

A variety of options that will help you retire comfortably. Review Rates

IRA Investment Options

A variety of options that will help you retire comfortably. Review Rates
It's never too early to start building your retirement funds. In fact-- the sooner, the better. We offer a variety of IRA investment options to suit your needs.

Traditional IRAs

This account allows those ages 70-1/2 and under to save money, tax-deferred, for retirement.

  • $25 minimum deposit
  • Earnings grow tax-deferred
  • 100% of contributions are tax-deductible if you are not active in an employer-sponsored pension plan
  • Contribute up to $7,000 per year or 100% of your earned income
    • Married members filing jointly may contribute an additional $6,000 to their spouses' IRA
  • Withdrawals can be made without penalty after age 59-1/2
Effective January 1, 2015, you may only roll over one IRA distribution in any 12-month period, regardless of how many IRAs you own.

Roth IRA

Our Roth IRA can be used independently or in conjunction with a Traditional IRA. Roth IRAs allow you to save money at any age and make tax-free qualified distributions.

  • $25 minimum deposit
  • Earnings grow tax-free
  • Contributions can be made at any age with earned income
  • Contributions up to $7,000 per year or 100 percent of your earned income
    • Married members filing jointly may contribute up to their spouses' IRA additional $6,000 amount.
  • Qualified distributions are tax and penalty free
  • No required minimum distribution

Effective January 1, 2015, you may only roll over one IRA distribution in any 12-month period, regardless of how many IRAs you own.

Coverdell Education Savings Account

Our Coverdell Education Savings Account (ESA) lets you help your child or family member prepare for college or any stage of education. Money saved grows tax-free and can be used for a variety of educational expenses.

  • $25 minimum deposit
  • Earnings grow tax-free
  • Make contributions up to $2,000 per year for each child
  • Transfer unused funds to a family member with no penalty
  • Tax-free withdrawals for qualified expenses including tuition, fees, books, supplies and more
  Traditional IRAs Coverdell Education
Savings Account
Roth IRA
Maximum Yearly Contribution $7,000 per year or 100% of earned income.
Married members filing jointly may
contribute up to their spouses'
IRA additional $6,000 amount.
$2,000 per child $7,000 per year or 100% of earned income.
Married members filing jointly may contribute up
to their spouses' IRA additional $6,000 amount.
Tax Deductible Contributions Normally 100% deductible Non-deductible Non-deductible
Tax Exempt/Deferred Earnings Deferred Deferred Deferred or Exempt depending on the circumstances
Required Minimum Distribution Required at age 70 ½ None None
Certificates Available Yes Yes Yes

Get the Latest News

Girl checking piggy bank

How Much Should 20-somethings Save

Your 20s may seem like an odd time to think of retirement, but it’s actually the perfect moment to start planning for your later years. That’s because the earlier you start saving, the more time your money has to grow.
Continue to Article
Piggy bank on a calculator

Figuring Out How Much to Allocate to Your 401(K)

When your employer offers a 401(k) plan, you have a great opportunity to save for retirement. You’ll want to contribute at least enough to get the full employer match, if your employer offers one.
Continue to Article
Pen, change, and calculator near IRA folder

The Difference Between a Traditional 401(K) and a Roth 401(K)

An employer-sponsored 401(k) plan is often one of the most valuable parts of a job’s benefits package. Although free snacks and a generous vacation policy are great, making regular contributions to a retirement account can help ensure that your golden years are financially comfortable.
Continue to Article
Leaving Advancial.org
You are leaving www.advancial.org and entering a site that is not operated by Advancial Federal Credit Union. Advancial does not provide and is not responsible for the product, service, overall website content, security or privacy policies on any external third-party site.
Continue
Equal Housing
We do business in accordance with the Federal Housing Law and the Equal Opportunity Act.

Leaving Advancial.org. You are leaving www.advancial.org and entering a site that is not operated by Advancial Federal Credit Union. Advancial does not provide and is not responsible for the product, service, overall website content, security or privacy policies on any external third-party site.
Continue
NCUA
Your savings are federally insured to at least $250,000 and backed by the full faith and credit of the United States government.

Leaving Advancial.org. You are leaving www.advancial.org and entering a site that is not operated by Advancial Federal Credit Union. Advancial does not provide and is not responsible for the product, service, overall website content, security or privacy policies on any external third-party site.
Continue
My Loan Applications
You are leaving www.advancial.org and entering the Loan Applications site.
Continue