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.
Contributions can be made as long as you have earned income
Allows contributions regardless of how much income you earn
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.
Permits contributions as long as you have earned income (with limits)
Does not require distributions to begin by a certain age
Can be passed along to heirs
Rollover IRA
Benefit from a centralized account for any former workplace 401(k).
Quick access to retirement funds
Preserve tax-deferred funds without paying current taxes or early withdrawal penalties
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 pm CST at
Which IRA is right for you?
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How can I manage my IRA?
To manage your IRA account, please visit Retirement Hub.
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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.
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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.
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How do I create, update, remove, or confirm beneficiaries?
Please reference this Search article for details.