Secure Your Future with a Traditional or Roth IRA
Planning for the future doesn’t have to be complicated.
Whether you choose a Traditional IRA with potential tax-deductible contributions or a Roth IRA that offers tax-free withdrawals in retirement, both options are powerful ways to grow your savings. It's a simple step today for peace of mind tomorrow.
Whether you choose a Traditional IRA with potential tax-deductible contributions or a Roth IRA that offers tax-free withdrawals in retirement, both options are powerful ways to grow your savings. It's a simple step today for peace of mind tomorrow.
You have your sights set on travel and adventure.
Or maybe something slower.
Either vision of your golden years sounds good to us. Whether you're drawing up a mile-long bucket list or dreaming of lazy afternoons, you'll need enough money to fund your lifestyle. An Individual Retirement Account - with steady earnings and dollar-stretching tax benefits - from UVA Community Credit Union is a great way to save.
- Contribute up to $7,000 per year ($8,000 if age 50 and over)
- Choose from Traditional or Roth IRAs, or Simplified Employee Pension (SEP) plans
- With a Traditional IRA, you may be able to take a tax deduction each year you make a contribution
- With a Roth IRA, all qualified withdrawals are tax-free
- An SEP is a type of Traditional IRA designed for self-employed workers and small business owners
- IRA Rollovers are also available if you want to consolidate all your retirement savings into one account
- Consult your financial advisor or UVA Community Credit Union representative for more details
Money to make every moment count.
- Traditional and Roth IRAs available
- SEPs for small business owners
- Coverdell accounts for education savings
- All accounts feature a range of tax benefits
Ready to start saving smarter?
Check out our latest rates and see how an IRA Certificate can help you feel more confident about your financial future.
Savings Options for IRAs
- Minimum balance of $100 to earn dividends
- Variable interest rate
- Unlimited deposits permitted up to annual total defined by the IRS
- Dividends calculated monthly and compounded quarterly
- Funds protected by National Credit Union Administration
- Minimum deposit of $500
- Choice of savings terms
- Higher dividend rates than most standard savings accounts
- In general, longer term Certificates have the highest dividend rates
- Early withdrawal can mean the loss of interest income
RUN THE NUMBERS
Work towards a secure retirement.
UVA Community Credit Union is a full-service financial institution with locations throughout Virginia's Central Piedmont and Valley area.
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Disclaimers
Membership eligibility required. Minimum ongoing balance of $5 is required in a UVA Community Credit Union Share Savings Account.