Individual Retirement Accounts (IRA)

Need a safe place to store that retirement nest egg? At BDCU we offer Individual Retirement Accounts (IRA) for building and saving for retirement.

 

BDCU Individual Retirement Accounts (IRA) include:

Account Details

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Feature

Traditional IRA

Roth IRA 

Educational IRA 

ASI Insurance

Up to $500,000

Up to $500,000 

Up to $500,000 

Eligible Age

Before the year in which you turn 70 1/2

N/A 

N/A 

Annual Contributions

Not Required

Not Required 

Not Required 

Maximum Annual Contributions

$5,500
$6,500 for those 50+

$5,500
$6,500 for those 50+ 

$2,000 

Spousal Contributions

Accepted

 Accepted

N/A 

Contribution Due

April 15th of the next calendar year

April 15th of the next calendar year 

April 15th of the next calendar year 

Tax Consequences

Tax-deferred earning. Contributions may be tax deductible.

 Tax-deferred earning. Contributions may be tax deductible.

Tax-deferred earning. Contributions may be tax deductible. 

Distributions

Must begin by April 1st following the year you reach age 70 1/2

 N/A

By Age 30 

Rates

Additional Information:

For complete terms governing accounts, please consult the Membership Agreement booklet, Fee Schedule, and Rate Sheet.

 

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