INDIVIDUAL RETIREMENT ACCOUNTS (IRAs)
Maximize your retirement savings
Individual Retirement Accounts (IRAs)
Advantis IRAs help you save for retirement, and potentially save on taxes, too.
With an Advantis IRA you can:
- Save for retirement with competitive interest rates
- Choose the way you prefer to save with an IRA savings account, IRA certificate of deposit, or a combination of both
- Grow your earnings tax-deferred until withdrawn
- Get potential tax deductions on your Traditional IRA contributions
- Potentially get distributions after retirement from your Roth IRA that are tax-free
- Keep your funds secure – your deposits are federally insured by the National Credit Union Administration
- Rollover funds from another qualifying plan to an Advantis IRA
- See current IRA rates
Make your 2017 contributions by April 17th
Another benefit of IRAs you have choices when it comes to your contributions. If you make an IRA contribution before April 17th you can choose to apply it to 2017 or 2018, whatever works best for your particular situation.* Consider maxing out your IRA contributions to take full advantage of potential tax breaks available. You can contribute up to $5,500 to an IRA this year (or $6,500 if you are age 50 or older), potentially reducing your taxable income and helping you save on your overall tax bill.†
Let’s dig a little deeper.
Save for retirement with tax advantages. Traditional IRA earnings grow tax-deferred until you withdraw them, and contributions may be tax deductible. These tax advantages can come in handy if you expect to pay significantly lower taxes after you retire. You’re qualified to open this type of IRA and make contributions if you receive taxable compensation during the year, and you don’t turn 70 ½ years of age by the end of the year.
Get flexibility and tax-free income in retirement. With a Roth IRA, you can withdraw regular contributions tax-free and without penalty at any time. Roth IRA earnings are tax-deferred and you pay no taxes on withdrawals if your account has been open for five tax years and you’re withdrawing for a qualified reason.
Invest in education the smart way. Education IRAs (also known as Coverdell ESAs) can enable you to save for secondary education expenses like tuition, fees, books, supplies, equipment, and in some cases, room and board. Unlike with 529 accounts, students can use ESA earnings to cover costs at most public, private, and parochial schools. These accounts also let you make nondeductible contributions that provide for potential tax-free withdrawals—including earnings down the road.*
If you’ve got it, it pays to go Premium. If you have more than $25,000 to invest, consider Premium versions of our accounts. You’ll enjoy higher rates on Traditional IRAs, Roth IRAs, and Educational Savings Accounts, and our tiered rate structure lets you earn more as your balance increases.
See how Advantis helps you earn more and save more for your retirement: