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Savings: IRA

Start Saving Now for your Retirement

Ah retirement. We all dream about it. Perhaps you've dreamed about traveling the world or spending more time with family and friends. When it comes to saving for retirement, what you do now can have a big impact on your golden years. The team at Washtenaw Federal Credit Union welcomes the opportunity to assist you in establishing an IRA, or individual retirement account which offers benefits both now and as your money grows toward retirement.

What is an IRA?

IRA stands for Individual Retirement Account - and that is exactly what it is. An IRA is a savings vehicle designed to encourage you to save for the future by providing tax advantages for money designated for use after you retire. Based on your income level (single or joint tax filings) and age, you can set up an account that allow you to save for retirement with tax savings on the growth of your money or an a tax-deferred basis.

Image of a calculator and a jar filled with month with a sticky note that reads 401K.

Get your IRA started at Washtenaw Federal Credit Union

An IRA is a great way to save for your retirement and we are here to help you every step of the way. When you save with Washtenaw Federal Credit Union, you can deposit IRA funds to either a CD (Certificate of Deposit) or into a savings account or a combination of the two. From establishing your IRA account, to helping you make deposits, and assisting you when you reach the age for withdrawals, our team can answer any questions you may have. Start saving for your future today. Call us at 734-484-5100 or visit us one of our Ypsilanti locations to talk about your IRA options with Washtenaw Federal Credit Union.

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