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Individual Retirement Accounts

We have three types of IRA’s at The Family Credit Union.

% Rates

Traditional IRA

A Traditional IRA may make sense if you

  • Anticipate a higher tax rate while saving
  • Anticipate a lower tax rate during retirement
  • Are interested in taking required minimum distributions amounts during retirement
  • Are not concerned about tax savings for beneficiaries

Roth IRA

A Roth IRA may be a better fit if you

  • Anticipate a lower tax rate while saving
  • Anticipate a higher tax rate during retirement
  • Want to avoid required minimum distribution
  • Concerned about tax savings for beneficiaries
  • Over age restriction

Coverdale Education Savings

A Coverdale Education Savings Account can help you save for a child’s education expenses.

  • Make nondeductible contributions that provide the potential for tax-free withdrawals
  • Consult us for contribution limits

As always, speak with your tax advisor to see what plan will best fit your needs and your tax situation.