An Individual Retirement Account (IRA) is a personal retirement savings plan available to anyone who receives taxable compensation during the year.
This year you can contribute even more to your IRA at STCU-boosting your opportunity to enjoy financial freedom when you retire.
An IRA is one of the best ways to reduce your tax liability and plan for retirement. It's a doubly sound investment at STCU, where your money is protected and federally insured.
With an IRA from STCU, you can do the things you've dreamed of for retirement-travel the world, pay off the house, relax with the family, and more! Save smart with an IRA from STCU and watch your financial worries fade away.
| Annual Contribution Limits for Traditional and Roth IRA | ||
|---|---|---|
| Year | Normal | Catch-Up Provision |
| 2005 | $4,000 | $500 |
| 2006 | $4,000 | $1,000 |
| 2007 | $4,000 | $1,000 |
| 2008 | $5,000 | $1,000 |
| 2009 | Indexed* | $1,000 |
*Normal contribution limits may increase $500, depending on the rate of inflation for the year. |
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STCU has several options to help you maximize your returns and meet your financial goals. Use payroll deduction to set aside money for yourself first. Invest in an IRA certificate account to trigger higher dividend rates as your balance grows, and so on.
Call (509) 326-1954 to speak with a Member Service Representative or visit any of our seven convenient branch locations to open your IRA.
