As a financially sound financial institution, UTFCU chooses investment products to help you manage and secure your retirement plans.
Traditional IRA
Increase your investments for the years ahead as you grow your Individual Retirement Account with tax-deductible contributions. It’s easy to save a little at a time, with a minimum balance of $100 (Share) or $1,000 (Certificate). With no monthly service charge, there’s no reason to delay. It’s your future. Own it.
- Tax-deferred savings1
- Account can be invested as Cumulative IRA or Share Certificate
- No monthly feContribution limits mirror IRS guidelines.
Roth IRA
Benefit from decades of tax-free, compounded growth when you open a Roth IRA. This type of retirement savings account makes the most sense if you expect your tax rate to be higher during retirement than your current rate.
- Tax-deferred savings1
- Account can be invested as a Share Certificate
- No monthly fee
- Contribution limits mirror IRS guidelines.
- Qualified withdrawals are tax-free
Educational IRA
A Coverdell Education Savings Account (Coverdell ESA) is a trust or custodial account set up solely for paying qualified education expenses for the designated beneficiary of the account. This benefit applies not only to qualified higher education expenses, but also to qualified elementary and secondary education expenses.
- Contributor does not have to be a relative of the designated beneficiary
- Annual contribution limit of $2,000
- Wide variety of qualified elementary and high school expenses as well as higher education expenses
- Tax-deferred growth and tax-free distributions for qualified expenses
Open Your IRA Today!
Visit a branch or give us a call to open an IRA.
Need more?
Looking for retirement planning or true investment products? Visit our UTFCU Financial Services page.
1 – Consult your Tax Advisor on tax-deferred savings and eligibility.