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Traditional IRA

Save wisely, so you can do exactly as you wish with the best years of your life.

What’s your vision for retirement? Maybe it’s to kick back and relax, surrounded by grandkids and loving family. Or maybe it’s to gather everyone up and lead them on one action-packed adventure after another. Whether those scenes are years from now or close at hand, a Traditional IRA from Power Financial Credit Union is a great way to pay for all the smiles that lie ahead.

  • Open an IRA with as little as $50
  • Enjoy a range of potential tax advantages, including federal tax deductions in years you make contributions
  • Contribute up to $6,500 annually ($7,000 is over the age of 50)
  • No annual administration fee
  • Track your savings with easy-to-read monthly statements
  • Federally insured up to $250,000

Power Financial Credit Union also offers Roth IRAs and Simplified Employee Pension Plans. Each type of account offers distinct financial benefits and tax advantages. It’s best to consult a financial advisor or tax professional to see what might work best for you.

Power Financial Credit Union serves members across South Florida with 8 full-service branches and offers convenient account access from anywhere using its secure Online Banking and highly-rated Mobile App.