IRAs

A Roth IRA differs from a Traditional IRA: Contributors gain a tax benefit in retirement; a traditional IRA gives you most of your tax benefit when you contribute. Another difference is you can continue to fund your Roth IRA after you reach age 70½ and you can leave amounts in your Roth IRA as long as you live.

You can open a Roth IRA at any time if you have taxable compensation and your modified adjusted gross income falls within IRS guidelines. Contact us for details.

• Earnings and principal are 100% tax free upon withdrawal
• Contributions are not tax deductible
• $5,000 contribution limit per year, $6,000 if you are age 50 or older
• No mandatory distribution age
• Principal contributions can be withdrawn without penalty¹
• Early withdrawals on interest subject to penalty²

At Cornerstone Credit Union, no setup or annual maintenance fees. Choose between an IRA Savings or IRA Certificate of Deposit.

Call or stop in today — and get started with your Cornerstone Credit Union IRA!

¹ Subject to some minimal conditions. Consult with your tax advisor.