Page Banner image

Wherever you are in your career journey, an Individual Retirement Account (IRA) can help you plan for a better retirement by building your retirement funds.

Unlike most investments, IRA contributions may be tax-deductible and will grow either tax-deferred or tax-free depending on the type of IRA you choose. Spectrum Credit Union offers both Traditional and Roth IRAs in a liquid savings plan or in higher-yield share certificates in a variety of terms.

Consult with your financial advisor to find out which IRA plan is right for you.*

Types of IRAs

Traditional IRA
Traditional IRAs may provide immediate tax benefits, with contributions and/or earnings tax-deferred until retirement (depending on the availability of your employer-based retirement plan and your income level at time of retirement). 

Roth IRA
With a Roth IRA, you have the opportunity to invest your after-tax dollars today, let the investment grow tax-deferred, then withdraw your principal and earnings — tax-free — after five years. (You may be subject to a 10 percent penalty on the earnings if taken before age 59 ½.)

Learn more about IRAs, and start saving

We partner with Ascensus, a renowned financial services and retirement savings organization, to offer the IRA and HSA Center, a one-stop shop for retirement resources and education. For more information about our IRA offerings, or to open an IRA, visit our IRA and HSA Center, or give us a call at 800-782-8782. For those outside the U.S., please call 510-251-6000.

* Spectrum Credit Union does not provide tax or retirement savings advice. Please consult with a professional.

 

Ready to become a member? Let’s get started.

If you’re eligible for membership, we’re ready to hear from you. Not sure if you’re eligible? You can check if you qualify here.

Why join Spectrum Credit Union? Learn more.

From everyday finance to life’s big money moments, it’s better when you belong.