Individual Retirement Accounts

IRAs are a great way to plan for the future because of the tax benefits available.* Your savings will grow faster than in a normal savings account. And you can sign up for payroll deductions or automatic monthly transfers to add to your IRA Savings account on a regular basis. Plus, there are no transfer or maintenance fees.

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Which should you choose?

A Traditional IRA is a good choice if:
  • Your income is too high for a Roth IRA
  • You need to rollover assets from an employer-sponsored plan
  • You expect to be in a lower tax bracket when withdrawals begin
  • Compare Traditional and Roth IRAs
A Roth IRA is a good choice if:
  • You anticipate being in a higher tax bracket when you retire
  • You don't get a tax deduction for Traditional IRAs
  • Age 59 ½ is a ways off and you want to take distributions from an IRA
  • Compare Traditional and Roth IRAs

IRA Share Certificates

An IRA Share Certificate pays higher dividend rates than a savings account. And, as an added bonus, you can continually add money to your IRA Share Certificate at Arizona State Credit Union. With terms from 3 months to 60 months, you can keep your money growing.

SEP IRA

A SEP IRA may be best if you are:
  • Self-employed
  • An employer with few or no employees
  • An employer who wants to make high contributions to their own accounts and the accounts of partners or employees

IRA Rollovers

Consolidate your retirement funds at Arizona State Credit Union. Not only can we consolidate several accounts into one - like 401(k)s from previous employers - we'll help you earn more, year after year.

To speak with an IRA Specialist, call 800.671.1098 or visit a local branch.

Coverdell Education Savings Account

Like its name implies, Coverdell Education Savings Accounts are designed for any qualified education expense. Withdrawals are only allowed for qualified education expenses and earnings are tax-free.

Like Roth IRAs, contributions are not tax deductible. Total contributions to a Coverdell Education Savings Account cannot exceed $2,000 per year, per child, and must be made no later than the federal income tax return deadline, not including extensions.

You can contribute to a Coverdell Education Savings Account until the child reaches age 18. Children have up until age 30 to use the funds. You cannot contribute to a Coverdell Education Savings Account in the same year you contribute to a state prepaid tuition plan.

*Consult your tax advisor.

Contact Us

2355 W. Pinnacle Peak Rd.
Phoenix, AZ 85027
1-800-671-1098