At USF FCU we want to do more than help you manage your money today—we want to help you secure your retirement goals. Our experts can help you build toward the future with an IRA plan that fits the life you’re living now:
IRA Savings Accounts
IRA Money Market Accounts
IRA Share Certificates
To find out more or to invest in an IRA plan with us, call one of our experts or stop by one of our convenient branch locations.
An IRA is an individual retirement account created by the Taxpayer Relief Act of 1997. IRA accounts are traditionally used as retirement savings accounts. They allow limited contributions to be made throughout the tax year and can be withdrawn within five years after establishing the account, provided you are aged 59 1/2 or older. Distributions are generally tax-free after meeting minimum aging requirements.
Yes, you can maintain both types of IRAs at the same time. You can even make contributions to both types of IRAs in the same year. But your contributions to both Roth and traditional IRAs cannot exceed the maximum contribution limit for all IRAs.