Compare IRAs offered by MEMBERS1st! No matter which type of IRA you select, you’ll reduce your taxes and keep more of your money. We’re always here to help if you would like guidance when choosing the right IRA for your situation.
IRA Accounts
Traditional IRA
Earnings grow tax-deferred with this retirement account.
- No minimum to open
- Contributions may be tax deductible
- Earnings taxed when withdrawn
- Penalty-free withdrawals for
first-time home purchase and some college expenses - No withdrawal penalty or restriction after age 59½
- Annual contributions cannot exceed:
$6,000 (under age 50)
$7,000 (age 50 or older) - Print a Traditional IRA Information Sheet
Roth IRA
Pay taxes now and future withdrawals are tax-free.
- No minimum to open
- Contributions grow tax-free
- An ideal savings option for those who expect to be in a higher tax bracket in the future
- No mandatory withdrawals
- No withdrawal penalty or taxation
after age 59½ - Annual contributions cannot exceed:
$6,000 (under age 50)
$7,000 (age 50 or older) - Print a Roth IRA Information Sheet
IRA Resources
View or download these brochures to learn more about the features & benefits of IRAs.
- Explore the differences between a Traditional IRA & a Roth IRA.
- Traditional IRA: Save on your own for retirement with tax-deferred earnings & a possible tax-deduction.
- Roth IRA: Save for retirement with potential future tax-free income.
IRA Resources
View or download these brochures to learn more about the features & benefits of IRAs.
- Move your retirement savings without losing tax benefits.
- Be sure you understand the rules & possible tax consequences of taking IRA & retirement plan distributions.
- Understand your beneficiary distribution options.
