Planning for your retirement is vital to securing a solid financial future for you and your family. The time to start planning is now, and Gulf Credit Union offers you a number of great IRA options to suit your specific retirement needs.
We offer both IRA Club Accounts (minimum balance $100) and IRA Certificates of Deposit (minimum balance $500). Interest is compounded and paid on a quarterly basis on IRA Club Accounts and paid monthly on IRA Certificates. In addition, we offer investment options including Traditional, Roth, and Educational IRAs.
Types of IRA Accounts
- Tax-deferred until withdrawal
- Contributions may be tax-deductible
- Mandatory distributions
- Not tax-deductible
- Certain withdrawals are tax-free after a five-year holding period
- Not subject to mandatory distribution
Contact us or stop by any of our locations if you need more information or assistance with any of our retirement investment options.