BOPTI FEDERAL CREDIT UNION

IRAs

IRAs

Start saving for your retirement

Traditional and Roth IRAs are created with tax benefits to help you save, and we want to make it simple for you, so we offer a range of IRAs that offer higher returns and the flexibility you need to ramp up your savings.

Traditional IRA

With a traditional IRA, the money you contribute may be tax-deductible (i.e., you get a tax break when the money goes in). Do you already have an employer-sponsored plan? This might be a great way to roll that over!

Roth IRA

A Roth IRA allows you to make non tax deductible contributions up to a certain amount depending upon age. Withdrawals of original contribution are tax free; potentially tax-free withdrawal of earnings if part of a qualified withdrawal.

Coverdell (Education) IRA

A great way to save for your child’s future! Next to our Custodian Account, of course. Primary school and college expenses usually come with a hefty price tag. A Coverdell IRA is a savings plan that enables you to start saving today for higher education expenses in the future on a tax-deferred basis. It’s a great way for parents, grandparents or others to help students with education costs.

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