Now is the time to save for your future

An IRA is one of the smartest — and most tax-efficient — ways to save for retirement. No matter what stage you're at in life, saving now with an IRA can better prepare you for your future.

At GOLD Credit Union, we offer two types of IRAs: Traditional and Roth. Refer to the details below to choose the plan that's right for you.

Features:

  • Generally tax-advantaged
  • Earn higher yields than with a GOLD Share Savings account
  • Contributions accepted until tax year filing date
  • IRA rollovers accepted
  • Federally insured by the National Credit Union Association up to $250,000


Check with your financial adviser for restrictions on incomes, withdrawals, and age, specific to each account.

Traditional IRA

A Traditional IRA is potentially tax deductible for most individuals, and your earnings are tax-deferred until you begin taking distributions. You can continue to make contributions as long as you have earned income and you're below the age of 70½. You can invest up to $5,500 per year or, if you're at least 50 years old, up to $6,500 per year.

Learn more via our Traditional IRA brochure.

Roth IRA

While the Roth IRA is generally less restrictive than the Traditional IRA. Unlike Traditional IRAs, contributions to a Roth IRA are never tax deductible. However, the money you contribute can be withdrawn tax-free at any time, and, if you qualify, you can withdraw the earnings tax-free as well.

Learn more via our Roth IRA brochure.

Coverdell Education Savings Accounts

A Coverdell Education Savings Account, or ESA, is designed to help you save for your child's education expenses, including tuition, fees, books, supplies, equipment, and, in some cases, room and board. With an ESA, you make nondeductible contributions that may provide for tax-free withdrawals — including earnings — down the road.

Please refer to our Coverdell brochure for full details.

Looking for a side-by-side comparison? Check out our brochures that cover all of our IRA products and compare both Traditional and Roth IRAs.

Rates are effective as of 08/01/2019

GOLD IRA Share Savings Dividend APY(1) Minimum Balance
.20% .20% $5.00
GOLD IRA Share Certificate Terms Dividend Rate (Minimum Deposit $500) APY(2)
6 months 1.60% 1.61%
12 months 2.00% 2.02%
24 months 2.20% 2.22%
36 months 2.30% 2.32%
48 months 2.45% 2.48%
60 months 2.75% 2.79%
1 APY=Annual Percentage Yield. There is no minimum balance to earn stated APY. 2 APY is based on the assumption that dividends will remain in the account until maturity and the minimum balance is maintained.  Rates are subject to change at any time without notice. Minimum $500 opening and balance requirement. After a Certificate is opened, you cannot make additional deposit into the account. Withdrawal request will reduce earnings and will result in Certificate closure. A penalty will be imposed if you withdraw funds before a Certificate maturity date. Credit Union eligibility and Membership are required prior to opening any GOLD IRA product. See Credit Union for additional terms and conditions.

 

Wouldn't it be nice to retire early with money to spare? Get started with your IRA today.

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