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Retirement Savings

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.

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No monthly fee

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Federally insured by the NCUA

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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 $250,00 through NCUSIF (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Roth IRA are not tax deductible, earnings can be withdrawn tax-free, along with the money you contribute to the Roth IRA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 $250,00 through NCUSIF (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 $250,00 through NCUSIF (NCUA)

Monthly Fee

No Monthly Fee

Requirements

Savings Account

No minimum age requirement

Minimum Deposit of $25