Plan your future with an Individual Retirement Account
Benefits of an IRA
Save well today, live well tomorrow. Traditional IRAs offer potential deductions on contributions while Roth IRAs offer tax-free withdrawals in the future.
- Invest in a rock-solid IRA certificate with guaranteed returns
- Enjoy potential tax deductions and grow your tax-deferred savings with a Traditional IRA
- Withdraw tax-free after age 59 1/2 or withdraw early (before 59 ½) penalty-free in special circumstances with a Roth IRA
Save for your future
Contribute using pre-tax funds
Traditional IRAs
Contribute using post-tax funds
Roth IRAs
Short and long-term savings
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Frequently asked questions
- What is an Individual Retirement Accounts (IRA)?
An IRA helps you save for retirement by contributing pre-tax or post-tax dollars into a fund that becomes fully accessible at age 59 ½. Retirement accounts can enhance your future, so now is the time to act. Open an IRA with UCU today.
- Why should I choose a Roth IRA?
If you solely want to contribute post-tax dollars and be able to withdraw your contributions tax and penalty-free, a Roth IRA may be the right choice. Start retirement planning by becoming a member-owner today.
- Why should I choose a Traditional IRA?
If you solely want to contribute pre-tax dollars and potentially qualify for tax deductions, a Traditional IRA may be the right choice. Start retirement planning by becoming a member-owner today.
- What are the main benefits of a UCU IRA?
An individual retirement account offers tax advantages, helps you save for the future, and can combat inflation by potentially growing your savings over time. Talk to a UCU certified financial expert today.
- Which should I choose: a 401k or an IRA?
A 401k offered by your employer usually means whatever money you contribute, your employer matches in some way. If you don’t have a company 401k, an IRA provides easy ways to save independently. Talk to one of our certified financial experts today to help determine what investment options are best for you.
- Are IRA contributions tax-deductible?
Contributions to a traditional IRA can be fully tax-deductible if neither you nor your spouse are covered by an employer sponsored retirement plan. At UCU, retirement planning includes financial tools to help you map out your future and make smart choices.
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University Credit Union offers membership to employees, students and alumni of UCLA, Pepperdine University, Loyola Marymount University, Santa Clara University, Saint Mary's College, UC Irvine, UC Davis, UC San Diego, Georgia Tech, University of Texas at Arlington, Abilene Christian University, Mount St. Mary's University, Chabot College and Las Positas College, West Coast Conference Universities, Western Athletic Conference Universities, and other universities throughout California. UCU offers a variety of products and services including checking accounts, credit cards, home mortgages, auto loans, personal loans, commercial loans, insurance, investments, as well as digital banking.