With a MCU IRA, you can help make sure your golden years are golden!  We have Savings accounts and CDs available in both Roth and Traditional IRAs.

Plus, your IRA, whether savings account or CD, is guaranteed safe by the NCUA up to $250,000.

Ready to get started? Click the little Apply button up there!

This is the IRA that’s getting all the press these days, and it’s easy to see why.  For 2007 you can deposit up to $4,000 per person ($5,000 if you’re over age 50) in to your Roth IRA.  These contribution limits are increased by $1,000 each for 2008.

Now, while you don’t get a tax deduction for your IRA contribution, the earnings on your account grow tax free until retirement. Plus, unlike a Traditional IRA, you can enjoy the tax benefits of a Roth whether or not you have a pension, 401K or KEOGH plan where you work..

This IRA has been around for a long time, and for good reason.  Contribute up to $4,000 per year ($5,000 if you’re over age 50), and if you met certain conditions (primarily income and marital status) you can take a deduction on your tax return.  These contribution limits are increased by $1,000 each for 2008

What are those certain conditions?  Check with your tax advisor to be sure, but there are income limits involved, plus if you’re covered by a retirement plan at work you’re generally not eligible for the deduction.