Traditional and ROTH IRAs


An Individual Retirement Account (IRA) enables you to save for retirement with tax-free growth or on a tax-deferred basis.

Traditional IRA
With a traditional IRA, your contributions are pre-tax (and may be deductible on your tax return) and any earnings aren’t taxed until you withdraw them in retirement.

Roth IRA
A Roth IRA enables you to invest money you’ve already paid taxes on and your money may potentially grow tax-free with tax-free withdrawals in retirement, provided certain conditions are met.

For more information or to open an IRA, visit a City CU branch.