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Roth IRA*

Set yourself up for a comfortable retirement

Contribute to your retirement savings from your first job bussing tables to your final job before you retire and take money out tax-free on your own terms.

Flexibility + tax-free withdrawals

With IRAs, you can choose to pay taxes either while you’re saving (Roth) or when you are withdrawing your savings (Traditional). Because you pay taxes on your contributions with a Roth IRA, you don’t have to pay taxes when you withdraw your money later. That can be a nice benny when you’re retired. Another advantage of a Roth IRA is that you can withdraw your funds without penalty at any time. That means you could use the money for pre-retirement needs like purchasing a house or covering college expenses. You also have the option to not withdraw funds until you’re ready or even skip withdrawing at all so you can leave the money to your heirs.

You’ll thank yourself later

A Roth IRA’s pay now, save later approach means you’ll pay fewer taxes in retirement. That means more bingo, beach trips or bargain hunting when you have free time on your hands. As with any retirement account, the sooner you start saving money the more your interest will add up. Visit any Addition Financial branch and speak with a member service representative to open your Roth IRA today. 

  • Eligibility is subject to income limits
  • Statements sent quarterly
  • Once contributed, savings grows tax-free
  • Compounding interest

Why Addition Financial?

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Money Smarts

School yourself with free financial know-how.

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Easy to Find

Convenient locations + shared branches nationwide.

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Get Stuff Done

Powerful anytime account management tools.

The 411 on Roth IRAs

Here are some basics you should know about Roth IRAs. Addition Financial recommends you speak with a financial advisor when making any decision regarding investments and your retirement.

  • Make contributions at any age.
  • Add to your retirement as often as you’d like throughout the year.
  • Withdraw funds tax-free and penalty-free at any time.
  • No required minimum distributions.
  • Check with a financial advisor about annual contribution limits (they change).
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It’s never too early to start saving for retirement

The best time to start setting money aside for retirement is when you feel like you’re too young to be even thinking about retirement. The sooner you begin saving, the more your interest will add up. 
  1. 1
    Review eligibility

    Anyone who lives, works, worships, volunteers or attends school in 22 select counties may join. View our "Become a Member" page for full eligibility.

  2. 2
    Complete account application

    When you’re ready, complete the online application or visit your branch to apply in person.

  3. 3
    Open your account

    Start saving.

 

Get your learn on

Think of us as your personal financial guru, partner and coach for wherever life’s journey takes you. To help you live your best life, we offer money management tools, financial literacy seminars and expert advice that’s easy to understand. Start making every moment (and every penny) count 

Consult your tax professional for more detailed information about Roth IRAs.

*Traditional and Roth IRAs (Individual Retirement Accounts) are insured to $250,000 by the NCUA.