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 HUDFCU 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 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.
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