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 HUDFCU is a smart choice. We offer two types of IRAs Certificates: Traditional and Roth.
|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 HUDFCU. 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.