Roth IRAs

The Roth IRA enables individuals to make nondeductible contributions that are taxed in the year they are earned rather than when they are withdrawn.

A Roth IRA may be right for you if:

You or your spouse have earned income
Your modified adjusted gross income (MAGI) does not exceed certain limits
You want tax-free earnings on qualified distributions
You want to withdraw your contributions after a five-year holding period for any of the following reasons:
- You have reached age 59 ½
- You have a permanent disability or qualified medical expenses
- You are making a first-time home purchase
- You have certain higher-education expenses

With a Point Breeze Roth IRA:

Contributions are nondeductible
Qualified contributions may be withdrawn without IRS penalty
Get competitive rates
Funds are federally insured to at least $250,000 by the National Credit Union Administration
Your total combined contribution for all of your Traditional and Roth IRAs cannot exceed the (plus the catch-up amount if you are age 50 or older) maximum contribution

Let us help you find the perfect retirement savings plan for you!

Individual Retirement Account Rate

Product	APR	APY	Compounded & Credited	Minimum Balance
Individual Retirement (IRA)	0.25%	0.25%	Quarterly	$5

APR=Annual Percentage Rate. APY=Annual Percentage Yield. Rates are subject to change without notice and may change after the account is opened. Minimum balance indicated reflects the minimum to open the account. APY is accurate as of the last dividend declaration. Early withdrawal penalties may apply. Consult with your tax advisor about potential tax savings.