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 Roth IRA
Can't qualify for the traditional IRA account? Maybe, you can get a Roth IRA. The Roth IRA was first offered in 1998. The Roth IRA does not have any deductibility on your tax form, but after five years contributing to the plan, you can withdraw your earnings if you are age 59 ½ , disabled, or a first time home buyer. Plus, age 70 ½ you are not required to start withdrawing from your Roth IRA like you are required to do with a traditional IRA.
For more details and full disclosure, please contact a credit union member service representative.
The Board of Directors sets the dividends. They are calculated on your daily balance, paid and compounded monthly . For current dividends declared by the Board of Directors, SEE RATES. There is a substantial penalty for early withdrawal.
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