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IRA ACCOUNTS

IRA Accounts

It’s never too soon to start saving for the future. Whether you’re planning ahead for your child’s educational expenses or your own retirement, an Individual Retirement Account (IRA) from HUD FCU is a smart choice. We offer two types of IRAs Certificates: Traditional and Roth.

Learn more about the differences between Traditional and Roth IRAs

Traditional IRA Roth IRA
Contributions are tax-deductible Contributions are not tax-deductible
Earnings grow tax-deferred Earnings grow tax-free
Withdrawals are taxed Qualified withdrawals are tax-free
Contribute up to age 70 ½ Contribute at any age
Mandatory distribution at age 70 ½ No mandatory distribution

Not sure how to plan ahead for retirement? Use our Retirement Planning Tools to help get a head start before you depart! Click here for more details.

To open an IRA account, you must be a member of HUD FCU. Establishing your membership is easy – just open a primary share savings account. See if you’re eligible for membership. For additional information or assistance, please call us at 202-863-2800 ext 3.