Traditional IRA

Here's why a Traditional IRA might be a good choice for you

Saving for retirement, the traditional way

Creating a diversified portfolio is an excellent way to prepare for retirement. Even if you invest in your employer's 401(k) plan, opening a Traditional IRA with us can help you build up your savings over the long term so you can enjoy your retirement years the way you want. If you have any questions, please contact us or discuss your options with a tax professional.

• Roll over or transfer your IRAs from other institutions into a Point Breeze Credit Union Traditional IRA
• Grow your retirement savings at our competitive rates
• Withdraw funds from your Traditional IRA without incurring the 10 percent premature-distribution tax before age 59 ½ for specific reasons, such as disability and qualified medical expenses, certain higher-education expenses and a first-time home purchase
• Your total combined contribution for all of your IRAs cannot exceed the IRS' maximum contribution (plus the catch-up amount if you are age 50 or older)
• Funds are federally insured to at least $250,000 by the National Credit Union Administration

Point Breeze Credit Union is a full-service financial institution with locations throughout Maryland.