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Start young and stay at it!
Traditional IRA
An IRA is a great way to kick start your retirement savings while you're young!
It may seem like a million years away, but you're going to want to retire one day. "How?" you ask. We suggest an IRA ASAP! Start building retirement savings now to help create the wealth and freedom to leave the workforce when you're ready.
Traditional IRA Benefits
The benefit of a Traditional IRA is that this year's contributions are tax deductible. Taxes come due in retirement when you take distributions, or make withdrawals, from your IRA.
Retirement Central
Open or manage your account, access planning tools, calculators and more with Retirement
Central.Roth IRA
The Benefits of a Roth IRA
A Roth IRA operates in reverse of a Traditional IRA: You pay taxes up front, meaning your contributions are not deductible. The benefit of a Roth IRA is that your withdrawals in retirement are not taxed.
Retirement Central
Open or manage your account, access planning tools, calculators and more with Retirement
Central.
IRA Certificates of Deposit
IRA Certificates of Deposit
Traditional and Roth IRAs are available from 12-month to 5-year terms with competitive interest rates and a $500 minimum with no annual maintenance fees. Payroll deduction to a savings account is available.
Retirement Central
Open or manage your account, access planning tools, calculators and more with Retirement
Central.
IRAs Are Perfect for:
- The self employed
- Those without a 401K plan through their employer
- The fortunate few who will max out their allowable annual 401K contribution.
- Anyone who plans to retire!
See your tax advisor for
guidance. West Community Credit Union does not provide tax advice.
The money you place in your Credit Union savings account is federally insured up to $250,000 by the National Credit Union Administration (NCUA), the strongest government insurance fund in the country. West Community provides an additional minimum coverage of $750,000 provided by Excess Share Insurance Corporation, a licensed insurance company.