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Traditional IRA

Plan ahead by saving now for retirement

Worry less about having enough money to retire. A traditional IRA is a great way for you to start saving now.


It's important to plan for your future and prevent financial shortcomings. With a traditional IRA, feel confident in your financial future so you can enjoy your golden years without worrying about money.


Tax-deductible contributions

Save money while you are building your retirement! Instead of paying taxes on your retirement contributions now, you can pay them when you withdraw money after you retire.*

No maximum income limits

You do not need to meet certain income requirements to start saving with a traditional IRA, making retirement saving even easier.*

Multiple account options

Earn dividends on your pre-tax contributions with an IRA money market or an IRA certificate of deposit.*

View current rates

Tax-free growth

After setting up a traditional IRA account, you may not have to pay taxes annually on the earnings inside of it to help your earnings grow faster.*

And more...

Good to know

Contribution limits

Annual contribution limits change from year to year.

View current limits

Opened by you

Unlike a 401(K) provided by your employer, you must open your own IRA and make contributions to it annually.

Distributions are taxed

When you withdraw funds from a traditional IRA, your distributions are taxable based on the tax bracket that you are in at the time. Additionally if you are below the age of 59½, there is an additional 10% tax penalty.

Required minimum distributions (RMDs)

Typically, if you are 73 or older you will need to take an annual required minimum distribution (RMD).

Looking for other investments options?

In partnership with CUSO Financial Services, L.P. (CFS)**, RCU has the investment options to help you reach your financial dreams.

Your hard-earned money is safe

  • 5 star superior rating

    Received Bauer Financial's 5-star Superior rating for strength based on financial data as of June 30, 2023.

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    Named one of America’s Best Credit Unions by Newsweek.

Have a question?

At RCU, we're known for our reliable service, and we'll answer your questions and calls quickly.

It's never too early to start planning for retirement

A traditional IRA is an excellent way for you start saving now, and you can start regardless of your income level. It is a great way for you to earn funds so when the time comes, your retirement life will be as enjoyable as possible.

  • *Consult your tax advisor regarding tax implications.

    **Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. The credit union has contracted with CFS to make non-deposit investment products and services available to credit union members.

    SEC Marketing Disclosure.