Key Features

• No monthly fee
• Earns Interest

Key Benefits

• Earnings grow tax deferred for a Traditional IRA account until withdrawn
• Traditional IRA’s offer fully deductible contributions
• Earnings are tax free if the account has been open for 5 years with qualified reason on a Roth Account
• Contributions can be withdrawn at any time tax and penalty free
• The Roth does not require distributions after age 70 ½

Requirements

• Must be a Telco member
• Anyone who has earned income from compensation
• Unless member is doing an IRA rollover or doing a direct transfer from another financial institution, the maximum amount of contributions is set if age 50 or older
• Minimum deposit amount for a CD is $1,000.00