Plan ahead with IRAs for retirement
Today, there's more flexibility in Individual Retirement Accounts (IRA). Sacramento Credit Union (SCU) offers a variety of options, from accounts that define your retirement savings plan to accounts you can use for first-time home purchases. We can help you figure out which IRA solution works best.
Start your planning process:
Each IRA option has specific tax advantages, for your California and federal returns, and distribution rules that your tax advisor can explain in detail. For example, a Traditional IRA allows for tax-free growth during working years while a Roth IRA provides tax-free distributions in retirement. It's easy to get started planning for your future.
- $25 minimum deposit to open a Traditional IRA or Roth IRA
- $500 minimum balance required on IRA Certificates
- No annual fees
- Deposit funds all at once or throughout the year
- Traditional and Roth IRAs insured up to $250,000 by the National Credit Union Administration (NCUA)