IRAs

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Individual Retirement Account (IRA)

 

You can predict the future with an Individual Retirement Account from St. Helens Community. Open yours today, start making regular deposits and watch your funds grow in a tax-advantaged* environment. Choose from a Traditional IRA for tax savings with every contribution, or a Roth IRA for tax-free earnings when you start taking withdrawals. There’s even an IRA CD option that allows you to put aside some of your funds from 12 to 36 months at a higher rate of return.

Summary

Qualifications

Open Your IRA Today

Summary
    • Save for retirement and future expenses
    • Competitive yield rates
    • Flexible terms
    • Tax advantages*
    • No set-up fees
Qualifications

Roth

Withdrawal of earned dividends is tax free after 5 years for ages 59½ and up
Penalty-free withdrawal options BEFORE you reach age 59½*
Pension plan distributions are tax free when made at retirement
$5,500 annual contribution limit
Additional $1,000 “catch up” contribution for ages 50 and up
No required distribution age

Traditional

Penalty-free withdrawals can begin penalty-free for those age 59½ or older
Distributions may be taxed at the retirement-level income bracket
Possible tax deduction for qualified savers*
All earned dividends are tax-deferred
No set up or annual fees
$5,500 annual contribution limit
Additional $1,000 “catch up” contribution for ages 50 and up

 

Open Your IRA Today

Current Members: Open yours now, call us at 503.397.2376 (toll free: 800.275.6434), or stop by any branch.

New to St. Helens Community?: It takes less than 15 minutes to join the Credit Union online. You’re also welcome to call 503.397.2376 (toll free: 800.275.6434) or stop by any branch.

Ready to open your account?
Get started today

*Consult your tax advisor.