IRA

Individual Retirement Accounts (IRAs)

The early bird gets the worm – and the bigger retirement egg.

If you’re looking forward to the day you retire, then make sure you start planning for it early.  We can help with a variety of Individual Retirement Accounts, available as a savings account or a Certificate of Deposit (CD).  Achieva IRAs work hard, long after you have.  We offer Traditional, Roth, and Coverdell IRAs.

Traditional IRA

  • Contributions can be made any time you have earned income before age 70 ½
  • You can contribute to a Traditional IRA for your spouse under certain conditions
  • Penalty-free distributions can begin at age 59 ½
  • Yearly Required Minimum Distributions (RMDs) do apply
    once you reach age 70 ½
  • Retirement Accounts at the same institution are insured
    up to $250,000 by NCUA
  • Please consult the IRS or a tax professional for your personal tax situation with retirement accounts

Get more details here.

Roth IRA

  • Contributions can be made to your Roth IRA any time you have earned income, regardless of your age
  • You can contribute to a Roth IRA for your spouse under certain conditions
  • Contributions are not tax-deductible*
  • "Qualified" distributions** from a Roth IRA are never taxable*
  • No minimum distribution requirement at any age
  • Retirement Accounts at the same institution are insured up to $250,000 by NCUA

* Please consult the IRS or a tax professional for your personal tax situation with retirement accounts.
** Non-qualified distributions may have a penalty on any earnings that are withdrawn. The principal is not taxable at any time.

Get more details here.

Coverdell Education Savings (ESA)

  • Helps parents and students save for education expenses
  • Not tax deductible, but amounts deposited in the account grow tax free until distributed
  • Not taxed on distributions if less than qualified education expenses at an eligible institution and used to pay expenses related to the beneficiary’s education, including tuition, books and room/board
  • Remaining funds must be disbursed or rolled over within 30 days after the beneficiary’s 30th birthday
  • Retirement Accounts at the same institution are insured up to $250,000 by NCUA

Get more details here.

Start planning for a secure future. Click here for current IRA Rates.