Individual Retirement Accounts (IRAs) are great tax-favored ways to save for retirement.  With a Roth IRA, earnings grow tax free and are also tax free when you make qualified withdrawals.  With a Traditional IRA, your earnings grow tax deferred so you won't owe income taxes until you make withdrawals.  And if you're eligible, your contributions are tax deductable.

Communicating Arts Credit Union offers several IRA options to help you save: Traditional, Roth, Education, and SEP (Simplified Employee Pension).  IRA funds can be invested in accounts with complete liquidity, or in certificates with terms ranging from 3 months to 5 years.  

How do you decide whether an IRA is right for you and which type of IRA is appropriate?   The answer to this question depends on what type of contribution you're eligible for and your specific financial situation.  The calculators at our Retirement Central™ will help you determine which IRA you're eligible for and then help you evaluate which type is best for you.

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Retirement Central articles will teach you what you need to know about IRAs, their tax advantages, contribution limits, and withdrawal rules.  You'll find information on retirement planning, planning tools, risk analyzers, investment options and the forms you need to complete your transactions.  Through our Retirement Central™, in the comfort and privacy of your home, you can open your Individual Retirement Account (IRA), manage it, and connect with IRA Specialists - all through online connections. 

Check our rates to help determine the best option for your IRA.

Visit our Home and Family Finance site. Click on the Retirement menu for video, articles, and more calculators.

 IRAs can be complex and involve tax consequences. Seek the advice of your tax advisor or accountant to determine implications for your personal finances.

For more information about our IRA products, please contact us.