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You’ve worked hard your whole career caring for others — let AHCU care for you and your future retirement. With an IRA from AHCU, you can set funds aside every month, while earning a competitive dividend above standard savings. Whether you choose a Traditional or Roth option, an IRA is always a tax-advantaged1, low-cost account insured by the NCUA. There's no minimum balance to earn monthly dividends. And thanks to compounded interest, the sooner you start, the more time your money has to multiply.

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Summary
  • Save for retirement with tax advantages1
  • Earn competitive dividends higher than regular savings
  • Pays monthly dividends
  • Available in Traditional and Roth
  • Annual contribution limits apply
  • $1,000 annual “catch up” contributions allowed for ages 50 and better
  • Funds can be used to purchase CDs or Money Markets within IRA
  • No annual fees or set up fees
  • No minimum balance requirements
  • Federally insured
  • No minimum deposit to open account
    • $1,000 minimum to open an IRA CD within account
Traditional vs. Roth

There are advantages to both traditional and Roth IRAs. One of the biggest differences is the time at which you see the most advantage. A Traditional IRA provides potential tax relief today, while a Roth IRA has the potential for the most tax benefit at time of retirement. 

Traditional IRA

  • No income limits to open
  • No minimum contribution requirement
  • Contributions are tax deductible on state and federal income tax2
  • Earnings are tax deferred until withdrawal (when usually in lower tax bracket)
  • Withdrawals can begin at age 59 ½
  • Early withdrawals subject to penalty3
  • Mandatory withdrawals at age 70 ½

  

Roth IRA

  • Prepare for qualified medical expenses
  • Income limits to be eligible to open Roth IRA1
  • Contributions are NOT tax deductible
  • Earnings are 100% tax free at withdrawal2
  • Principal contributions can be withdrawn without penalty2
  • Withdrawals on interest can begin at age 59 ½
  • Early withdrawals on interest subject to penalty3
  • No mandatory distribution age
  • No age limit on making contributions as long as you have earned income
Coverdell ESA

Higher education can become a financial burden. A Coverdell Education Savings Account (ESA) is designed to help lighten the load.

  • Set aside funds for your child's education
  • Dividends grow tax-free1
  • Withdrawals are tax-free and penalty-free when used for qualifying education expenses1
  • Designated beneficiary must be under 18 when contributions are made
  • To contribute to an ESA, certain income limits apply1
  • Contributions are not tax deductible
  • Contributions are allowed regardless of traditional or Roth IRA participation
  • $2,000 maximum annual contribution per child
  • The money must be withdrawn by the time he or she turns 30
  • The ESA may be transferred without penalty to another member of the family
IRA Resources

With our free downloadable eCourse, you can learn how to plan for your retirement and create your own retire ready checklist. Start the interactive lessons now. 

Click on any link below to open a PDF brochure for more information. Or stop by our office for a personal consultation.

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Introduction to IRAs

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Roth IRAs

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Traditional IRAs

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Coverdell ESAs

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Exploring Your IRA Options

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IRA Rollovers

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Moving Into a Roth IRA

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Retirement Planning

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Securing Your Retirement

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Balancing Rising Health Care Costs

1Consult a tax advisor.

2Subject to some minimal conditions. Consult a tax advisor.

3Certain exceptions apply, such as healthcare, purchasing a first home, etc.

Change your financial future today!