Traditional IRA Accounts

Whether retirement is in your near future or still years away, it's always the right time to plan for retirement.
A DCFCU Traditional IRA is an essential part of your plan.

Take advantage of the Traditional IRA benefits:

• Dividends paid quarterly on IRA Money Market accounts.
• Dividends paid quarterly on IRA share certificates.
• Earn tax-deferred, compound interest on your money.
• Deposit up to $4000 of earned income per year or $8000 per year for couples. (For Tax Year 2005 - 2007).
• If you are age 50 or older, deposit up to $5000 or $10,000 per year for couples.
• Begin penalty-free withdrawals as early as age 59½.
• Continue tax-deferred deposits as late as age 70½.

Take penalty-free early distributions for education or a first-time home purchase (you must still pay taxes on the money you withdraw). Penalties may apply for early withdrawal.

Check with our Member Service Representatives for further information about distribution and deductibility rules.