Individual Retirement Accounts (IRAs)

The best way to prepare for retirement is to start saving as early as possible.

At Ventura County Credit Union, we offer a variety of Individual Retirement Accounts* to finance your golden years.

• Traditional IRA: Save for retirement with tax-deferred earnings and possible tax-deductible contributions. Contribute up to applicable IRS limits and potentially receive a tax deduction if you qualify.
• Roth IRA: Grow your retirement savings with the potential for tax-free qualified withdrawals. Contributions are not tax deductible, and IRS contribution and income limits may apply.
• Rollover IRA: If you leave an employer and need a place for your 401(k) or other qualified retirement funds, you can move it directly into a Rollover IRA without any tax penalties.
• SEP: Simplified Employment Pension Plans are often used by small business owners to make contributions to their employees' IRAs. They're also great for self-employed individuals.
• Coverdell Education Savings Account: Also known as an Education IRA. Build savings for a child’s education with tax-free qualified withdrawals. Contributions are not tax deductible, and funds can be used for qualified elementary, secondary and higher education expenses.

Consult with a professional for specific tax and retirement advice.

*A small annual trustee fee will apply.