IRAs

Reach Your Savings Goals with an IRA

You’ve worked hard all these years so you can finally relax! No one wants to worry about money when they retire, but do you know how you’re going to fund your retirement? Don’t leave your future financial security up to chance!  Reach your long-term savings goals with one of the competitive Individual Retirement Accounts at Fort Worth City Credit Union.

  • Traditional IRA

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    • Earnings accumulate tax-deferred
    • Contributions are tax-deductible if you qualify
    • The amount you can contribute each year is increasing

  • Roth IRA

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    • Contributions are allowed at any age
    • Qualified distributions are tax-free
    • Flexible withdrawal options are available
    • Contribution amount per year is increasing

  • Coverdell ESA (Educational Savings Account)

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    • Used to pay for qualified elementary and secondary education expenses
    • Earnings grow on a tax-deferred basis
    • Distributions are tax-free if money is used to pay for qualified education expenses

  • Junior Jumbo or Jumbo IRA

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    • Rates are usually higher than a regular IRA
    • Junior Jumbo starts at $50,000 to $95,000
    • Jumbo is for amounts over $95,000

  • IRA Certificates of Deposit

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    • IRA Certificates work just like regular Certificates of Deposit (CDs)
    • Same Federal requirements as IRA Share accounts
    • Contact Member Services for more details

Please see a tax or financial services professional for help deciding which IRA would be best for you. Then contact Member Services at 817.732.2803 and speak with one of our IRA specialists and start saving today!