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Investment Retirement Accounts (IRAs)AHCU offers Traditional IRAs, Roth IRAs, and Coverdell IRAs (formerly Education IRAs), with the option of Certificates of Deposits and Money Markets. Stop by our office to open yours today! Young, smart, and on your way to a great futureYou’re a hard-working young adult. Now is the time to open a Roth IRA (individual retirement account) at AHCU. A Roth IRA has an advantage over a traditional IRA — the money you take out of it is tax-free as long as it meets certain requirements. You’ll never pay a cent of tax on earnings. If you put the maximum $4,000 a year into a Roth for 25 years at a 4% yield, you could end up with $173,247 — $73,247 of which would be tax-free earnings! Time plays a key role in maximizing Roth IRA potential. The younger you are, the more your money can grow because of the long horizon ahead before you take it out. To be eligible to contribute to a Roth IRA, modified adjusted gross income must be less than $160,000 for joint filers and less than $110,000 for single filers. Visit us today to start funding your future and to learn more about all the IRA options available at the credit union.
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