A Roth IRA is an individual retirement account created by the Taxpayer Relief Act of 1997. Roth IRA accounts are traditionally used as retirement savings accounts. They allow limited contributions to be made throughout the tax year and can be withdrawn within 5 years after establishing the account provided you are aged 59 1/2 or older.

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Frequently Asked Questions

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Roth IRA Questions

Can I have both a traditional and a Roth IRA?

Yes, you can maintain both types of IRAs at the same time. You can even make... [Read More]

I am recently unemployed, can I rollover my 401(k) to an IRA?

Please contact your local office so they may guide you through this process... [Read More]

Will I earn interest on my money if I put it into a Roth IRA?

Yes, you will earn interest on the funds that are on deposit at the credit union... [Read More]

How much can I contribute to my Roth IRA?

There are limits on the amount of income one can make during a given year—and... [Read More]

What is a Roth IRA?

A Roth IRA is an individual retirement account created by the Taxpayer Relief... [Read More]

Who can contribute to a Roth IRA?

Those who work for a living can contribute to a Roth IRA account. The income... [Read More]

Will my Roth IRA affect the amount that I can contribute to my employer-sponsored retirement plan?

No. The amount you contribute to your 401(k) or other employer-sponsored plans... [Read More]

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