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 $5,500 per year or 100% of your earned income
    • Married members filing jointly may contribute an additional $5,500 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 $5,500 per year or 100 percent of your earned income
    • Married members filing jointly may contribute up to their spouses' IRA additional $5,500 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 $5,500 per year or 100% of earned income.
Married members filing jointly may
contribute up to their spouses'
IRA additional $5,500 amount.
$2,000 per child $5,500 per year or 100% of earned income.
Married members filing jointly may contribute up
to their spouses' IRA additional $5,500 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

Retirement jar of change

How to Save for Retirement

It’s never too early to start putting away money for your future. If you’ve ever wondered how to save for retirement when you’re also dealing with day-to-day expenses, these easy tips can help.
Continue to Article
Group of teens leaning against wall

How Your Teen Can Benefit From a Roth IRA

Your teenager just got a job and will soon be getting that first paycheck. Or maybe she’s earning extra cash by babysitting or walking dogs. Although visions of video games or a shiny new car might be dancing in your youngster’s head, it’s wise to consider stashing that cash for the long haul.
Continue to Article
Jars of coins

Six Tips for Anyone Late to the Retirement-Planning Game

“Over-the-hill” surprise birthday parties can be fun. But one shock you don’t want in your 50s is the realization that you’ve completely overlooked retirement or are significantly behind where you need to be.
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 deferally 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