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RETIREMENT SERVICES
Roth IRAs
Save for retirement with an investment account where your funds grow tax-free.
Benefits of a Roth IRA account¹
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Tax-free earnings: You pay taxes on your Roth IRA contributions2 now and they grow tax-free the longer they are in the account.
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Tax-free withdrawals: Contribution withdrawals3 that are made after you are 59½ years old are tax- and penalty-free if the account has been opened for at least five years.
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No age limits: As long as you have earned income under a certain amount, you can open and make contributions to a Roth IRA.
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Federally insured: Your money at GECU is federally insured by NCUA up to $250,000.
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Investment options: You can invest the funds of your Roth IRA into an accessible share IRA account or an IRA certificate account with higher dividends.
Roth IRAs
What is a Roth IRA?
A Roth IRA is a retirement investment account with tax-free growth and withdrawals. With this type of account, you pay taxes on your contributions at your current income tax rate, which may provide potential tax savings if your income tax rate is higher at retirement age.
COMPARE ROTH IRA
Find the best Roth IRA account for you!
Share IRA
A Roth individual retirement account with accessibility that is federally insured by NCUA.
A Roth individual retirement account with accessibility that is federally insured by NCUA.
Best for: Members looking to save for retirement with accessibility to funds.
- Funds are invested in a share savings IRA
- Funds grow tax-deferred until you start withdrawing at retirement or at age 59 ½
- Yearly contribution amounts are dependent on your age
Short-term & long-term Roth IRA Certificate Account
A Roth individual retirement account for short- and long-term savings that is federally insured by NCUA.
A Roth individual retirement account for short- and long-term savings that is federally insured by NCUA.
Best for: Members looking to save for retirement with term flexibility.
- Funds are invested in a certificate account IRA
- Three- to six-month terms and a $2,500 minimum opening deposit
- 18- to 60-month terms and a $1,000 minimum opening deposit
- Funds grow tax-free until you start withdrawing at retirement
12-month Roth IRA Certificate Account
A Roth individual retirement account with a competitive dividend rate.
A Roth individual retirement account with a competitive dividend rate.
Best for: Members looking to save for retirement with an affordable opening deposit.
- Funds are invested in a 12-month certificate account IRA
- $50 minimum opening deposit
- Pay taxes now so funds grow tax-free
Bump-up Certificate Account IRA
A Roth individual retirement account for long-term savings that is federally insured by NCUA.
A Roth individual retirement account for long-term savings that is federally insured by NCUA.
Best for: Members looking to save for retirement with a longer term.
- Funds are invested in a certificate account IRA
- 18-month term with a $5,000 minimum opening deposit or 60-month term with a $2,500 minimum opening deposit
- Pay taxes now so funds grow tax-free
- Bump up4 the dividend rate once during the term of the certificate account IRA
We’re Here to Answer Your Roth IRA Account Questions
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What is the difference between a traditional IRA and a Roth IRA?
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Do I pay less taxes during retirement with a Roth IRA account?
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Can I roll over5 a traditional IRA into a Roth IRA?
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Do I get a tax deduction for having a retirement plan?
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What is the process to roll over a 401(k)?
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How long do I have to keep an IRA open?
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I am ready to retire. Where should I start?
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How long will my retirement savings last?
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Are there Roth IRA contribution limits?
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BEFORE YOU GO
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