Planning for the future doesn’t have to be hard. Your decision to start saving is the key to financial independence in the future. Don’t wait until tomorrow to start thinking about retirement. The time to start saving is now. Your future self will thank you.

Build your nest egg for the future

• No minimum balance
• No monthly fees
• Contributions may be made in “lump sums” or by regular deposits to your IRA Savings account throughout the year
• Dividends are paid monthly
• IRA Certificates with a selection of terms are available with a minimum deposit of $1,000

IRA Certificate

Save now to retire with enough funds to live the way you want to live in retirement. That’s what a UHFCU IRA Certificate can help you do! Choose from our wide range of terms and benefit from limited-time-only special rates and the associated tax advantages they provide.*

• Special rates from 1-year to 5-year terms
• Tax-advantaged retirement savings*
• No setup fees
• No monthly or annual maintenance fees
• $1,000 minimum balance
• Dividends credited and compounded monthly

Traditional IRA

A Traditional IRA is an account used to save for retirement that gives you tax advantages. Tax payments are deferred until the money is withdrawn, and, your contributions may also be tax deductible.*

• Maximum Contribution: $7,000.00 (plus $1,000.00 if you are 50 years or older)
• Contributions may be tax deductible
• Earnings grow tax-deferred

Roth IRA

The Roth IRA is a retirement account where contributions are taxed in the year they are earned, and are therefore nondeductible. Unlike the Traditional IRA, there is no requirement to begin taking distributions at age 70 1/2 and you may start making withdrawals tax-free after an initial 5-year holding period.* Members who expect to be in a higher tax bracket when they retire may benefit more from a Roth IRA than from a Traditional IRA.

• Maximum Contribution: $7,000.00 (plus $1,000.00 if you are 50 years or older)
• Contributions are not tax-deductible
• Tax-free withdrawals after initial 5-year holding period
• Earnings grow tax deferred

Coverdell Educational Savings Account

The Coverdell Educational Savings Account is an account that features tax-free withdrawals for a child’s education expenses. Contributions are nondeductible, therefore, unlike the Traditional IRA, contributions from Coverdell Savings Account are withdrawn penalty free and tax-free.

• Maximum Contribution: $2,000.00
• Save for educational expenses such as tuition, fees, books, supplies, etc.
• Contributions are not tax-deductible
• Tax-free, penalty free withdrawals