As you visit our branches over the next few weeks, you may see us in the midst of refreshing our lobbies. We will continue to offer great service to our membership as we make some improvements!
Individual Retirement Accounts (IRA)
It's never too soon to start saving for retirement—or too late. Aventa Individual Retirement Accounts (IRAs) make it easy with a variety of convenient, tax-advantaged* savings options.
Traditional IRAs are powerful tools in creating a balanced, long-term savings plan that will help provide safety and security for you and your family for years to come. Contributions may be deducted from your taxable income*, reducing the income taxes you pay now.
Choose a Traditional IRA if you want the tax deduction* right now. It also makes sense if you anticipate paying taxes at a significantly lower rate in retirement.
A Roth IRA offers you an easy and safe way to plan for the future. Your contributions are not tax-deductible*, but the earnings within a Roth IRA are tax-free* as long as your funds have been in the account for at least five years and you are either over age 59½, disabled, or buying your first home.
Choose a Roth IRA if you don't need the tax break right now. It's a more flexible investment because you can withdraw regular contributions at any time, tax-free* and penalty-free. Plus, there's no mandatory distribution at age 70½.
Coverdell Education IRA
Start planning your child's future today! The purpose of this account is to provide a tax advantage* savings account for education expenses. The plan allows after-tax contributions of $2,000 per year for each child until they reach the age of 18. These contributions and their subsequent earnings are tax free* when withdrawn to pay for qualified education expenses including, tuition, fees, books, supplies, and equipment.
See our current rates.
*Consult a tax advisor.