A Roth IRA is an individual retirement account to which participants are able to make annual non-deductible contributions. Unlike a traditional IRA in which your earnings are tax-deferred, Roth IRA earnings can be tax-free.
You may be eligible to convert your traditional IRA to a Roth IRA, ask one of our Member Service Representatives for more information regarding these conversions.
Qualified distributions may be withdrawn tax and penalty free. Non-qualified distributions may be taxable and subject to an IRS 10% early distribution penalty.
To receive more information, please call us at 363-4631.