Traditional IRAs
Earnings on a traditional IRA account are tax-deferred - you pay no taxes on the dividends until the time of withdrawal. In many instances, contributions to a traditional IRA may also be tax deductible. Consult a Tax Advisor for details.   

Roth IRAs
Contributions are NOT deductible when the funds are contributed, but the Roth IRA earnings accumulate tax-free and remain tax-free upon distribution. You cannot withdraw your funds within the first 5 years after the establishment of the Roth without a penalty unless you are-

• Reaching 59 1/2 in age
• Purchase of a first home
• Death of IRA owner
• Permanent and total disability of the IRA owner

Learn more about Traditional and Roth IRA’s -

• Eligibility 
• Contributions
• Rollovers & Transfers
• Tax Deductibility

Choose to open your Traditional or Roth IRA as either an Accumulation Account or Share Certificate. What’s the difference?

Individual Retirement Accumulation Account (IRA)
Do you want to start saving in a tax-deferred account for that rainy day of leisure, but you don't have the required minimum for an IRA Certificate? Justice FCU is here for you! Just simply set up an IRA Accumulation Account and your funds are now retirement funds. All the attributes of a savings account, but it is tax-deferred.

Set aside funds through payroll deduction or ACH/Direct Deposit and pay yourself first to make retirement worry free. You can arrange automatic monthly transfers from checking or savings to save "painlessly" and build towards your future.

You can leave your funds in this account or, when you saved the minimum for an IRA Share Certificate, request the funds to be put in an IRA Share Certificate at the terms that best suit you.

IRA Share Certificate
IRA Share Certificates have a low minimum balance requirement of $500. IRA Certificates earn higher dividends to make your personal tax-deferred plan grow for you. They work the same as our Share Certificates, but have that added benefit of a retirement savings plan. Pick your term that suits your needs and we will help you plan for that hard-earned retirement.

Simplified Employee Pension (SEP) IRAs.
This is an employer established and funded IRA, where the employer can put up to 15% of your compensation into a special IRA account. For details, please contact a Justice FCU Representative at 800.550.5328