Premium IRAs

We all have retirement dreams, whether it’s traveling the world or spending time with the grand-kids. Turn those dreams into reality and start contributing to a Premium IRA. Premium IRAs offer tax-advantages* while growing your nest egg. Talk to an Inspire FCU representative about which account best suits your financial situation, and ensure your later years are financially secure.
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Traditional IRA

Features:
  • Dividend earnings are tax deferred

  • Contributions can be tax deductible**

  • Mandatory withdrawals at age 72

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Roth IRA

Features:
  • Earnings and principal are 100% tax free upon withdrawal**

  • Contributions are not tax-deductible**

  • Income limits to open account

  • No mandatory distribution age

Account Benefits

  • No Annual Fee

  • No minimum balance to open

  • Earn competitive dividends on balances in our tiered-rate structure

  • $25 minimum balance to earn disclosed dividend*

  • Funds can be used to purchase certificates

  • Individuals over 50 years old may make an additional $1,000 “catch-up” contribution

  • Annual contribution limits

  • Early withdrawals subject to penalty**

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*Please visit our rates page for full disclosure and account terms and conditions.
**Consult with a tax advisor.

Ready to start planning for your future?
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