CCCU Individual Retirement Accounts
Today there are more Individual Retirement Account (IRA) choices than ever, offering you a
number of ways to save tax-free or tax-deferred for your long-term investment goals.
Cascade Central Credit Union is
committed to making it easier for you to invest regularly and help build a solid financial foundation
for the lifestyle you have in mind down the road. Our IRAs come with specific advantages that mean
simpler, more flexible investing.
You get products, services and specialized assistance through
Cascade Central Credit Union.
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An important factor in reaching your retirement goals and enjoying a comfortable lifestyle is
choosing the right investments for your needs.
NCUA-insured deposits
for your IRA are available through
Cascade Central Credit Unionbranch.
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Our convenient automatic contribution service makes it easy to invest for your IRA plans. You can
have contributions automatically transferred from your designated
Cascade Central Credit Union checking,
money market deposit or savings account to your
Cascade Central Credit Union IRA.
- Consolidate IRAs you may have at other institutions at
Cascade Central Credit Union for
greater account convenience, less paperwork and possible savings on account fees.
- Cascade Central Credit Union
consultants can offer you experienced, professional guidance and assistance with your investment
choices. Whether you're new to investing or a veteran, they'll help you define your investment
needs, establish your goals, and implement a strategy to help you achieve those goals.
Traditional/Roth IRA
The rules for Traditional IRAs have been updated to allow more people to participate.
Income levels for deductible contributions have increased and money can now be withdrawn free
of federal tax penalties to pay for higher education or first-time home purchases.
Roth IRA
Roth IRAs allow your investment dollars to build and be withdrawn tax free if certain
conditions are met.
The Roth IRA gives investors the choice of making nondeductible contributions up front
in exchange for tax-exempt distributions of earnings in the future, provided certain conditions
are met. In contrast, contributions to traditional IRAs may be tax deductible, but all of the
deductible contributions and earnings from traditional IRAs are fully taxable upon distribution.
Distributions from traditional IRAs and Roth IRAs made prior to age 59½ may be subject to
a 10% federal tax penalty and additional state penalties. Does converting your existing IRA to
a Roth IRA make sense for you?
Rollover IRA
A rollover IRA may be a good choice for people who are changing jobs or retiring and want
to keep their retirement plan payout growing untouched by taxes.
Would you like more information about a Traditional IRA or Roth IRA from Cascade Central Credit Union?
Call us at 1-541-387-9297,
if outside of the Hood River
area call 1-800-877-0103,
or e-mail us.
We want you to know that products such as checking accounts and share certificates are
NCUA insured and are
offered through Cascade Central Credit Union.
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