INDIVIDUAL RETIREMENT ACCOUNT (IRA) SAVINGS
Pyramid Federal Credit Union offers a wide range of Individual Retirement Accounts including Traditional, Roth, and Coverdell Education Savings Accounts. It's never too soon to plan for retirement and a Pyramid IRA is a great way to start.
TRADITIONAL vs. ROTH IRA
Pyramid Federal Credit Union offers both Traditional and Roth IRAs. What’s the difference? A Traditional IRA is tax-deferred, meaning whatever you contribute is deductible form your annual income tax. With a Roth IRA, you still pay your annual income tax in full. But, funds can be withdrawn tax-free once you reach a predetermined retirement age. Consult a tax advisor to see which account could help you save!
Traditional and Roth IRAs | Traditional IRAs | Roth IRAs | Transfers, Rollovers, and Conversions |
|---|---|---|---|
IRA and Retirement Plan Distributions | Inherited IRAs | Coverdell ESAs | SEP, SIMPLE IRA, and Individual(k) Plans |
Don't let it go another year. Get started now and we'll help you set up a program that works for you! Not sure which IRA is right for you? Give us a call or download our IRA brochures.
*Consult your tax advisor regarding deductibility, contribution limits and withdrawal requirements