Individual Retirement Accounts (IRAs)
MSUFCU has the long-term savings options to help you save for retirement, higher-learning, or health care expenses. View current dividend rates.
Coverdell Educational Savings Accounts, Health Savings Accounts, Traditional IRAs, Roth IRAs, and SEP Plan IRAs are insured for an additional $250,000.
A Roth IRA gives you the ability to invest your after-tax dollars today and take qualifying withdrawals tax free after five years on deposit and if you are at least age 59½, disabled, or are a first-time home buyer. Contributions may be made at any age, as long as you have earned income.
|Tax Year||Contribution Limits*|
|2014||$5,500 ($6,500 for catch-up contributors age 50 and over)|
|2015||$5,500 ($6,500 for catch-up contributors age 50 and over)|
Open a Roth IRA
Open a Roth IRA at any MSUFCU branch, or visit our IRA Service Center by clicking the button below.
*Contributions to your Roth IRA may be limited by your filing status and income. Be sure to discuss your specific tax situation with your tax advisor.