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Traditional IRA*

Put the gold into golden years

Someday you’re going to want to stop working and start enjoying life at a different pace. In the meantime, give your retirement savings a place to grow tax-deferred.

Tax breaks today + money for tomorrow

One of the big advantages of a Traditional IRA is that your money grows tax-deferred. You won’t get taxed on your retirement savings until you start withdrawing the money, then you’ll pay taxes on the income just like you would on any other type of income. Not paying taxes up front means more money in your account earning interest. You’ll also be taking advantage of compounding, which basically means that even your interest will earn interest because it’s automatically reinvested for you. So what does that look like in real life? Saving the money you would have spent on one fancy coffee today can mean a whole week of fancy coffee in the future.

Interest that really adds up

One of the great things about an IRA is that it gives you an annual savings goal (your max contribution amount) and lets you watch real growth happen over time. Besides, who wants to work when they’re in their seventies? Even if you already have a 401(k) through your employer, you can still open a Traditional IRA as well. To learn more about Traditional IRA investment accounts or to get started, you can visit any Addition Financial branch and speak with a member service representative.

  • No minimum balance to open or to earn dividends
  • Dividends compounded daily and credited monthly
  • Flexibility to add money any time (up to allowed amount)
  • No monthly service fees
  • Statements sent quarterly

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 Traditional IRAs

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

  • Save and invest either pre-tax or post-tax money.
  • Add to your retirement as often as you’d like throughout the year.
  • Begin making withdrawals without penalty as early as age 59½ .
  • Contributions must end and withdrawals must begin at age 70½ .
  • Check with a financial adviser 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.

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