Roth IRA
Set yourself up for a comfortable retirement.
Contribute to your retirement savings from your first job bussing tables to your final job before you retire and take qualified withdrawals tax-free on your own terms. Roth IRAs (Individual Retirement Accounts) are insured up to $250,000 by the NCUA.
Flexibility + tax-free withdrawals
With IRAs, you can choose to pay taxes either while you’re saving (Roth) or when you are withdrawing your savings (Traditional). Because you pay taxes on your contributions with a Roth IRA, you generally don’t have to pay taxes when you withdraw your money later. That can be a nice benefit when you’re retired. Another advantage of a Roth IRA is that you can withdraw your contributions without penalty at any time. That means you could use the money for pre-retirement needs like purchasing a house or covering college expenses. You also have the option to not withdraw funds until you’re ready or even skip withdrawing at all so you can leave the money to your heirs.
The 411 on Roth IRAs
A Roth IRA’s pay now, save later approach means you’ll pay fewer taxes in retirement. As with any retirement account, the sooner you start saving money the more your interest will add up. Addition Financial recommends you speak with a financial advisor when making any decision regarding investments and your retirement.
- No minimum opening deposit
- Dividends compounded daily and credited monthly
- Once contributed, savings grows tax-free with compounding interest
- Add to your retirement as often as you’d like throughout the year
- Contributions can be made at any age
- No required minimum distributions
- Tax-free qualified withdrawals during retirement
- Eligibility is subject to income limits
Traditional and Roth IRAs (Individual Retirement Accounts) are insured up to $250,000 by the NCUA. Addition Financial recommends you speak with a financial advisor when making any decision regarding investments and your retirement.
Growth Plus Money Market
Where do you want your Growth Plus Money Market account to take you? A high-yield Growth Plus Money Market account, with market-leading rates, will get you to your savings goals quicker than those "other" savings accounts at the big banks.
Calculate Your Roth IRA
Use this calculator to compute the amount you can save in a Roth IRA where you pay taxes on your income now but withdraw the funds tax-free in retirement.
Investment Services
The financial professionals at MEMBERS Financial Services have one objective: to help you reach your financial goals. We want to help you make sound financial decisions.
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