Individual Retirement Accounts (IRAs) are specifically designed to give you an advantage on your savings through unique tax incentives, allowing you to save for your future.


TRADITIONAL IRA

  • No minimum to open
  • After age 59 ½
    both earnings and contributions can be withdrawn penalty free
  • Contributions
    may be tax deductible
  • Tax-deferred
    earnings grow until withdrawn after age 59 ½
  • Earnings withdrawn
    after age 59 ½ are taxed at your current rate
  • Certificates available
  • Note:
    You may be able to rollover your current retirement savings to a Notre Dame FCU IRA.
    Contact us for more information.

ROTH IRA

  • No minimum to open
  • After age 59 ½
    earnings can be withdrawn tax free if the account has been open at least 5 years
  • Contributions
    are not tax deductible
  • Tax benefits
    contributions can be withdrawn tax and penalty free
  • Earnings
    are taxed at your current rate
  • Certificates available
  • Note:
    You may be able to rollover your current retirement savings to a Notre Dame FCU IRA.
    Contact us for more information.

COVERDELL SAVINGS ACCOUNT

  • No minimum to open
  • Funds may be used for educational expenses
    such as tuition, books, and room and board,
    at qualified institutions
  • Contribute up to $2000
    each year for children 18 and under
  • Tax-deferred
    earnings grow until withdrawn
  • Earnings withdrawn
    may be tax-free
  • Transferable to qualifying family member
  • Note:
    Formerly known as an Education IRA, the Coverdell ESA is a great way for parents to save money for a child’s educational expenses.