Riverview Credit Union, Ohio
Investment Retirement Account (IRA)
RCU offers a variety of IRAs to meet your needs. Know your IRA options from traditional IRAs, Roth IRAs, and Coverdell Education Savings Accounts (ESAs).
Choose a Roth IRA if you don't need the tax break right now. It's a more flexible investment because:
- You can withdraw regular contributions at any time, tax-free and penalty-free.
- You do not have to take mandatory distributions at age 70 1/2.
Choose a traditional IRA if you want the tax deduction right now. It also makes sense if you anticipate paying taxes at a significantly lower rate in retirement.
Coverdell ESAs offer tax-free distributions and, unlike section 529 plans can be used for elementary and high school expenses at most public, private, and parochial schools.
Call or stop in today! Our IRA professionals can answer your questions and help you open your account.
Also see: Savings Account, Deposit Rates
