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Individual Retirement Accounts (IRAs)

An IRA is a tax-advantaged account that can help you save for retirement.


IU Credit Union offers IRA savings and certificate options:


A Traditional IRA offers the advantage of tax deductible contributions now, if eligible, building earnings until you need them, and deferring taxes on your earnings until they are withdrawn.


A Roth IRA offers flexibility by allowing you to pay taxes now and reap the benefits in the future. WIthin qualifying limits, Roth IRA contributions and earnings may be withdrawn tax-free.

IU Credit Union offers both IRA Savings Account and IRA certificates* ranging in terms from six months to six years. Early withdrawal penalties may apply.

*An IRA Savings is required.

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Which is better for me, a Traditional IRA or a Roth IRA?