A sound, wise investment.
An individual retirement account is a sound and wise investment in your future and your tax-deferred savings plan starts right here at Houston Highway Credit Union. We offer both Traditional and 罗斯爱尔兰共和军的 (Individual Retirement Account).
There aren’t any minimum balance requirements and the IRAs are separately insured up to $250,000 by the National Credit Union Administration. Dividends and statements are issued quarterly for your convenience. Withdrawals from the IRAs are subject to age requirements or penalty. A consultation with your tax advisor for specific conditions on age requirements, tax deductions and eligible deposit amounts should be scheduled.
Our IRA Accounts
The traditional IRA is an Individual Retirement Account designed solely to encourage individuals to save for retirement. Better known as a personal savings plan, it holds an incentive that can provide income tax advantages to individuals who place money aside for retirement. This is a valuable retirement planning tool for young and old alike.
- Contribute up to $5,500 after-tax dollars if you are a single filer
- Married couples can contribute up to $11,000
- Individuals attaining the age of 50 before the end of the taxable year may be eligible to contribute an additional amount to a traditional and/or 罗斯IRA as a catch-up contribution of $1,000.
Need some direction?
Please contact us with any questions or concerns.
If you prefer, you can call us at 713.864.4438 or toll-free at 800.354.3541.