IRA & Deferred Compensation

Save for the next chapter in your life with some great tax benefits.1

 

Traditional IRA

Contributions to Traditional IRAs are tax deductible for eligible individuals, and taxes are deferred on the contributions and dividends earned until withdrawal. There are no fees or handling charges to maintain your IRA accounts, so you’ll enjoy even higher returns on your investments.
 

Roth IRA

The Roth IRA is a nondeductible IRA, but your earnings grow tax free in most cases, and qualified distributions are tax and penalty free. 
 

SEP IRA

The SEP IRA allows a self-employed individual to contribute potentially larger amounts to an IRA. Contribution limits are based upon the net business income and may be deductible as a business expense.

1 Please consult a tax advisor for more information regarding tax benefits.

Families can use the Education IRA to save for a child's education.

Begin your child’s education with a Coverdell Education IRA to help pay for college expenses. Qualified distributions are tax and penalty free.

Deferred Compensation

This tax-deferred savings plan is for eligible employees of participating school districts. The taxes on your deposits and earned dividends are usually deferred until you withdraw your funds. There are no sales fees if you select Credit Union investments, so you’ll enjoy higher returns on your investments. There is an early withdrawal penalty for certificates withdrawn before the maturity date for a reason other than a hardship withdrawal or an approved benefit election request. Sales fees may apply with the purchase of mutual funds.