Tuesday, May 21, 2013

Individual Retirement Accounts (IRAs)

  • Traditional, Educational and Roth IRAs available
  • Save for retirement, education or first-time home purchase
  • Contribute up to $5,500 a year
  • Tax advantages apply (consult your tax advisor)

Traditional and Roth IRA Contribution Limits

Tax Year 2013
*Also Applies to Spousal Contributions
$5,500

Catch Up Contributions

Individuals 50 & over (must reach 50 by the end of the year) can make catch-up contributions.
Tax Years 2013 Additional $1,000.00 deposit

Educational IRAs

$2,000 per year

privacyYour savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Association.

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