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Build Your Nest Egg the Easy Way
Comfortable Retirement is one of the largest savings goals you will have in your lifetime. TruEnergy FCU offers both Traditional and Roth IRAs, so you can choose the one that best suits your needs. For more information on IRA accounts,* visit our office or contact us.
Traditional IRA
Save now. Pay taxes later.
- Potential tax-deductible contributions
- Earnings grow tax-deferred
- Helps build long-term savings
Roth IRA
Pay taxes now. Enjoy tax-free income later.
- Tax-free withdrawals in retirement
- Contributions can be withdrawn penalty-free (with qualifying conditions*)
- No required minimum distributions
- Great for long-term growth and estate planning
Coverdell Education IRA
Start small. Plan big for education.
- Save for future education expenses
- Earnings grow tax-free when used for qualified costs
- Flexible option for parents and grandparents
IRA Certificates
- Funds from your IRA can be deposited into an IRA Certificate for a guaranteed fixed rate of return
- Terms from 6 months to 5 years
- Minimum $1,000 to open
- Jumbo IRA Certificates available***
Your funds are insured for up to $250,000 by the National Credit Union Administration (NCUA), an agency of the federal government. Funds in IRAs are insured separately, up to an additional $250,000. *Please consult your tax advisor for more details.
**At least one of these additional conditions must be met: the owner is 59½, disabled; deceased; withdrawal is for first-time home purchase or education.
***Minimum $100,000.00 deposit.
IRA Share Certificates
*Annual Percentage Yield (APY) is accurate as of December 01, 2024, and is subject to change at any time. Early Redemption Penalties: Penalties are imposed for early redemption of certificates. See our Truth in Savings disclosure for details.
