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IRA Savings

It's never too early to start planning your retirement.

An Individual Retirement Account (IRA) enables you to save for retirement with tax-free growth or on a tax-deferred basis.

For more information or to open an IRA visit a City CU branch

Traditional IRA

With a traditional IRA, your contributions are pre-tax (and may be deductible on your tax return) and any earnings aren’t taxed until you withdraw them in retirement.
 

Roth IRA

A Roth IRA enables you to invest money you’ve already paid taxes on and your money may potentially grow tax-free with tax-free withdrawals in retirement, provided certain conditions are met.

 

IRA Savings Features
  • Competitive interest rates
  • Long-term growth
  • Contributions may be tax deductible or tax deferred
  • Only $5 required to open an account
Retirement Calculator

Need help budgeting for retirement? Use our saving calculator to determine how much you can contribute toward your retirement.

Open Calculator

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