Save today and position yourself for a more rewarding future.
The most effective long-term savings plans start with action today. At UMCU, we offer a choice of Traditional or Roth IRAs to strengthen your retirement savings. Both come with investment options, tax advantages and the comfort in knowing that you're setting the best course for your future.
Anyone under 70½ who has earned income or whose spouse has earned income.
Anyone with earned income whose gross income is below $133,000 (single) or $196,000 (joint).
Tax-deferred investment; taxes come out at time of withdrawal. Possible tax deductions.
Taxes are paid before contributing. Possibility of tax-free investment growth.
Maximum of $6,000. Contributions to a combination of Traditional and Roth cannot exceed $6,000
Distributions must begin after you turn 70½
No withdrawal requirements
After age 50 you can contribute an additional $1,000 as a “catch up”
If you're preparing for retirement or saving for your next big purchase, a Certificate could help you earn more from your money.
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