Individual Retirement Account

It is never too late to start saving for your retirement! Credit Union of the Rockies offers IRA savings accounts as well as IRA Certificates where your contributions are safely kept, all while earning competitive dividends. All IRAs are insured by NCUA up to $250,000.

Traditional IRA

The contribution limit to your Traditional IRA each year is $5,500 through the current tax year. If you are 50 or older, you can make additional catch-up contributions up to $1,000 above the normal limit (total of $6,500). Earnings grow tax-deferred until withdrawn and contributions may be tax-deductible. Consult your tax advisor.

Roth IRA

The Roth IRA also allows a maximum annual contribution of up to $5,500 through the current tax year. If you are 50 or older, you may make additional contributions up to $1,000 more than the normal limit through 2014 (total of $6,500). Roth IRA contributions aren't tax deductible; however, withdrawals are tax-free once the account has been open more than five years and you're at least 59 1/2 years old.

Contact a representative to open your IRA today!