A Traditional IRA is a good fit for investors who feel their income and/or tax rate will decline as they get closer to retirement. Contributions can be made on a pretax basis, and can be tax deductible if you meet certain requirements.
Note: once you withdraw funds from a Traditional IRA, it is considered income, and could be subject to income tax.
Enjoy these great benefits with a Traditional IRA:
- Low minimum opening balance — only $5.
- No minimum for transfers.
- Competitive dividends — earned monthly.
- View your balance anytime via Online Banking and Mobile Banking.
- Funds Federally Insured by NCUA.