It’s never too soon to start saving for the future. Whether you’re planning ahead for your child’s educational expenses or your own retirement, an Individual Retirement Account (IRA) from HUDFCU is a smart choice. We offer two types of IRAs Certificates: Traditional and Roth.
Traditional IRA | Roth IRA |
Contributions are tax-deductible | Contributions are not tax-deductible |
Earnings grow tax-deferred | Earnings grow tax-free |
Withdrawals are taxed | Qualified withdrawals are tax-free |
Contribute up to age 70 ½ | Contribute at any age |
Mandatory distribution at age 70 ½ | No mandatory distribution |
Not sure how to plan ahead for retirement? Use our Retirement Planning Tools to help get a head start before you depart! Click here for more details.
To open an IRA account, you must be a member of HUDFCU. Establishing your membership is easy – just open a primary share savings account. See if you’re eligible for membership. For additional information or assistance, please call us at 202-863-2800 ext 3.
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