PSCU’s Retirement Savings
Individual Retirement Accounts are ideal when you want to save for retirement. There are three types of IRAs—Traditional, Roth, and Rollover—each with different tax saving advantages.

No monthly fee

Federally insured by the NCUA

Flexibile deposits throughout the year
Traditional IRA
Traditional IRA’s offer tax-deferred earnings and the possibility for tax-deductible contributions to encourage saving for retirement.
Funds federally insured for $250,000 through NCUA
Features & Benefits
Monthly Fee
No monthly fee
All contributions are tax deferred until withdrawals are made on account
Requirements
Basic Savings Account
No minimum age requirement
Qualified compensation
Additional deposits can be made into the CD throughout the term of the CD
Roth IRA
Roth IRA are not tax deductible, earnings can be withdrawn tax-free, along with the money you contribute to the Roth IRA
Features & Benefits
Funds federally insured for $250,000 through NCUA
Monthly Fee
No monthly fee
Consult your financial advisor for more Roth IRA tax information
Requirements
Basic Savings Account
Qualified compensation
No minimum age requirement
MAGI Income Limits
Coverdell IRA
A Coverdell ESA is an Educational IRA designed to help you pay for your child’s educational expenses. Although your contributions aren’t tax deductible, this IRA offers you the potential for tax-free withdrawals, including earnings.
Consult your financial advisor for more Roth IRA tax information
Features & Benefits
Funds federally insured for $250,000 through NCUA
Monthly Fee
No Monthly Fee
Requirements
Savings Account
No minimum age requirement
Minimum Deposit of $25