Oak Trust Credit Union - Individual Retirement Accounts (IRAs)

Individual Retirement Accounts at Oak Trust Credit Union

If saving for retirement or your child's college education has you overwhelmed, an IRA at Oak Trust is the smart, simple solution. Contributions may be deposited in "lump sums" or throughout the year by regular deposits to IRA savings accounts or IRA certificates. You can choose the option that works best:

Traditional IRAs
A Traditional IRA offers the advantage of tax-deductible contributions now, building earnings until you need them, and deferring taxes on your earnings until they are withdrawn.*

Roth IRAs
A Roth IRA offers flexibility by allowing you to pay taxes now and reap the benefits in the future. Within qualifying limits, Roth IRA contributions and earnings may be withdrawn tax-free.*

Coverdell Education Savings Account
The Coverdell Education Savings Account (formerly known as the Education IRA) is a savings account that will help pay for your child’s education. You can contribute funds to help pay for your child or grandchild's qualified educational expenses, tax-free.*

Need some help figuring out which option is best for you? Contact a Member Service Representative today!

Deposits in Individual Retirement Accounts are separately insured to $250,000 by the National Credit Union Administration, and backed by the full faith and credit of the U.S. Government. For details, click here.

*Please consult your tax advisor for details about your particular situation.