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Roth IRA

The road to retirement can be long and winding, the more prepared you are, the better off you’ll be. It’s never too early to take control of your financial future and start saving for retirement. Whether you’re just starting your career or planning with your spouse, your long-term financial wellbeing depends on finding the best savings plan to help you meet your retirement goals. A Roth IRA enables you to invest your after-tax dollars and let the earnings grow tax deferred until retirement. Unlike a Traditional IRA, contributions to a Roth IRA are never tax deductible. On the plus side, the money you invest in a Roth IRA can be withdrawn tax-free at any time. If you qualify, you may also be able to withdraw the earnings tax-free. Speak to your tax advisor to see which IRA might be better for your individual tax situation.

View our IRA Rates

Features & Benefits of a Roth IRA

  • Contributions are not tax deductible
  • Earnings grow tax-deferred
  • No minimum deposit to open
  • Members may withdraw contributions tax free and penalty free at any time
  • Earnings may be withdrawn tax-free and penalty-free if the account is opened at least 5 years and there is a qualified distribution reason
  • There are no required minimum distributions at any age
  • Members may contribute to a Roth IRA as long as they want, provided they have earned income.
  • Eligibility phase out ranges apply
  • Contributions limits apply and may be made until April 15 of each year for the previous year
  • Members must meet Modified Adjusted Gross Income (MAGI) limits
  • Deposits can be made easily by payroll deduction or direct deposit

NET Credit Union has IRA options for every stage of your life!

Questions? Call one of our IRA specialists today at 570-961-5300.

All IRA products are considered member deposits.
All Savings Products are Variable Rate and subject to change without notice.

Rates current as of 02/01/2018. 

NET does not provide tax, legal or accounting advice. This website has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.