Individual Retirement Account (IRA)

Save for a brighter financial future.

It’s never too early to plan for life’s next steps. With a BCU IRA, you can manage your account and work with an IRA Expert to prepare for the retirement you deserve.

Traditional IRA

Contributions may be tax-deductible. Earnings grow tax-deferred, so you won’t pay income taxes until you make withdrawals.

Checkmark Contributions can be made as long as you have earned income

Checkmark Allows contributions regardless of how much income you earn

Checkmark Requires distributions to begin by age 72

Roth IRA

Contributions are never tax-deductible and may be tax-free upon distribution. Earnings grow tax-deferred, so you won’t pay income taxes until you make withdrawals.

Checkmark Permits contributions as long as you have earned income (with limits)

Checkmark Does not require distributions to begin by a certain age

Checkmark Can be passed along to heirs

Rollover IRA

Benefit from a centralized account for any former workplace 401(k).

Checkmark Quick access to retirement funds

Checkmark Preserve tax-deferred funds without paying current taxes or early withdrawal penalties

Checkmark Continue contributing to the IRA when you earn eligible compensation

We’re Here Today for Your Tomorrow.

A dedicated IRA Expert is available to assist you Monday through Friday, 9 am – 4:30 pm CT at

Which IRA is right for you?

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APY = Annual Percentage Yield

Frequently Asked Questions

  • How can I manage my IRA?

    To manage your IRA account, please visit Retirement Central.

  • Can I convert my Traditional IRA to a Roth IRA?

    Federal regulations now allow those who own Traditional IRAs to convert to a Roth IRA, regardless of income level or marital status. You’ll want to consider important factors such as taxes, time and costs.

  • Do I qualify to contribute to a Roth IRA?

    Anyone who meets the requirements of eligible compensation and income limit can make regular Roth IRA contributions. Eligible compensation includes wages, salaries, tips, bonuses, commissions, professional fees, combat pay, certain payments to graduate students, and difficulty of care payments (a type of qualified foster care payment).

    MAGI Income Limits for Roth IRA

    Filing Status

    MAGI for Full Contribution

    MAGI for Partial Contribution

    Ineligible for Roth Contributions


    Up to $125,000


    Over $140,000

    Married, filing jointly

    Up to $198,000


    Over $208,000

    Married, filing separately**



    Over $10,000

    *The MAGI limits are subject to annual cost-of-living adjustments (COLAs), which generally are released in the fourth quarter of the following year.

    **IRA owners that do not live with a spouse at any time during the year are considered a single filer for determining Roth IRA eligibility.

    IRA owners with MAGI within the phase-out range will calculate their maximum allowable regular contributions by using the Maximum Roth IRA Contribution Worksheet in the instructions for IRS Form 8606, Nondeductible IRAs.

    IRA owners who have questions about maximum regular contributions when they fall in the phase-out range should talk with their tax advisor.

  • How much can I contribute each year?

    As of 2019, a maximum of $6,000 of earned income may be contributed each year by individuals, or $7,000 if you’re 50 and older. Allowances for contributions made on behalf of a spouse that does not have earned income may also be available.

  • Are my contributions tax-deductible?

    The deductibility of your annual contribution depends on your income, marital status and whether you and your spouse receive benefits under an employer's retirement plan. If you’re an active participant in an employer plan, the ability to fully deduct contributions is limited.

  • How do I complete DocuSign?

    Please reference this Search article for details.

  • How do I create, update, remove, or confirm beneficiaries?

    Please reference this Search article for details.


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