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*.
Traditional IRA rates.
Roth IRAs
A Roth IRA can receive only nondeductible contributions but the
distribution of contributions are tax-free and penalty-free at anytime
for any reason. However, the distributions of earnings are tax-free
and penalty-free only after a five year holding period and if made
for any of the following reasons:
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Reaching 59 1/2 in age |
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Purchase of a first home |
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Death of IRA owner |
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Permanent and total disability of the
IRA owner |
Roth IRA rates.
An IRA share can be in either of two formats:
A Justice FCU Accumulation IRA
earns a competitively
high fixed annual percentage yield (APY) with no maintenance
fee. Dividends are compounded and paid monthly. Statements of
earnings mailed quarterly. Contributions may be made as often
as desired through payroll deduction, direct
deposit , automatic transfer, or member deposits, as long as
the total does not exceed the maximum
amount allowed per year.
A Justice FCU Certificate IRA offers a competitively
high APY that is guaranteed throughout the term with statement
of earnings mailed quarterly. Dividends are compounded and paid
quarterly. A maturity notice and 10-day grace period are given to
account holders for reinvestment alternatives.
Justice FCU IRA Accounts are insured separately from your other
Justice FCU accounts by the NCUA up to an additional $250,000. Click below for more information:
Read about NCUA's latest insurance guidelines
Justice FCU also offers Simplified
Employee Pension (SEP) IRAs. For details,
please call Justice FCU at 1.800.550.5328.
*Please consult your tax advisor for your
specific tax situation.
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