IRAs

Saving for your retirement is something that every individual should have on the top of their list of financial priorities. It is recommended that retirement savings begin as early as possible, and that is why AODFCU offers a variety of Individual Retirement Accounts (IRAs) to help your savings grow faster.

• Insured up to $250,000 by the National Credit Union Administration (NCUA)
• Additional coverage for protection up to $500,000 is provided by Excess Share Insurance, a private insurer.

	Traditional	Roth	Educational	Club
Administration Fees	No	No	No	No
Minimum Initial Deposit	$2,000	$2,000	$2,000	$100
Compounding Dividends
Dividend Frequency	Monthly	Monthly	Monthly	Monthly
Rates	See Rates	See Rates	See Rates	See Rates
Withdrawal Penalty				No

Which IRA is right for you?

A traditional IRA is a good choice if:
• Your income is too high for a Roth IRA
• You need to rollover assets from an employer sponsored plan
• You expect to be in a lower tax bracket when withdrawals begin

A Roth IRA is a good choice if:
• You anticipate being in a higher tax bracket when you retire
• You don’t get a tax deduction for a Traditional IRA contribution
• You want to have the option to withdraw your contributions tax-free and IRS
   penalty-free prior to age 59-1/2

An Educational IRA is a good choice if:
• You need to save for a child’s education
• You need tax-free tax-free withdrawals (provided the money is used for education expenses)
• You would like the money from the IRA distributed to the beneficiary before age 30

An IRA Club Account is a good choice if:
• You want to make a smaller initial contribution