You can contribute through payroll deductions, one-time deposits, or regular automated transfers from your bank account.

Absolutely. Stocks, mutual funds, and bonds are among the various investment options available to you for diversifying your retirement portfolio.

The impact on your taxable income depends on the kind of IRA you choose. Traditional IRAs often reduce your taxable income for the years you contribute.

In a Traditional IRA, your earnings grow tax deferred. This means that you won't pay taxes until you make a withdrawal.

Starting early allows you to take advantage of compound interest. It winds up making your retirement savings work harder for you over time.

Yes, your funds are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. Please refer to MyCreditUnion.gov for additional information on insurable limits.

We offer Traditional, Roth, CESA, and SEP IRAs to help you shape your ideal retirement.

We’re sorry to see you go! Remember that you don’t have to close your account if you move away. We’ll still consider you a full member if you move out of town.

If you still want to close your account(s), contact us or visit your local branch.

Credit Union of America recommends consulting with a tax advisor about early withdrawal penalties. Generally, early withdrawal from an Individual Retirement Account (IRA) prior to age 59½ is subject to being included in gross income plus a 10 percent additional tax penalty. In addition, if IRA funds are in a certificate, there may be a penalty if funds are withdrawn prior to CD maturity.