IRAs

Fine-tune your retirement strategy

By opening or contributing to a traditional IRA through April 15, you can potentially reduce your taxable income while building retirement savings. With a great rate on our 48-month and 60-month IRAs, you can earn guaranteed interest throughout the term, helping save today while you build retirement for tomorrow.

Get expert advice

 OCCU’s IRA specialists are available to help guide you through the process and explain your options. Let us help you optimize your retirement strategy and see if contributing to an IRA today can get you more tomorrow.

Improve your retirement technique

An IRA uses compounding interest, multiplying your money over time and allowing you to earn more interest as your nest egg grows. This means the earlier you start saving, the earlier you may be able to retire.

Maximize your contribution

Opening or contributing to an individual retirement account before tax day could help you reduce your taxable income and build your retirement savings. In the 2019 tax year, contribution limits have increased and you may be eligible to contribute up to $7,000!

Age 2018 tax year 2019 tax year
Age less than 50 $5,500 $6,000
Age 50* or older $6,500 $7,000

 

*Attains age 50 before the close of the year for which the contribution is made.

See if you are eligible for additional tax savings by exploring the options with our expert team.

Contact us

They’ve been so helpful over the years with figuring out...complicated banking things like inherited IRAs which nobody knows about because they’re so complicated and they’re kind of new.

Martha B.

Retirement planning resources

What does retirement mean to you?

What does retirement mean to you?

Go to school. Get a job. Work your way up the ladder.

Changes in Washington may affect retirement planning

When an election produces big change, it’s safe to assume the ripple effect will be far reaching. Learn about how political changes could affect your retirement.

Have questions?

Want to learn more about our IRAs? Let's connect!

*Note: The above information is not intended as tax advice. Please consult your tax professional for tax information.
**The IRA annual percentage yields (APY) and rates are current as of 3/5/2019. There is a minimum balance requirement of $500 to open a traditional or Roth IRA account and earn the APY. Early withdrawal penalties may apply. Fees could reduce earnings. See all rates and fees associated with OCCU certificate accounts here.