IRAs

Individual Retirement Accounts (IRAs) are an investing tool used by individuals to earn and earmark funds for retirement savings or other qualified events. There are two types of IRAs for individual investors: Traditional IRAs and Roth IRAs.

Traditional and Roth IRAs are established by individual taxpayers, who are allowed to contribute earned income up to a set maximum dollar amount. Contributions to the Traditional IRA may be tax deductible depending on the taxpayer's income, tax filing status and coverage by an employer-sponsored retirement plan. Roth IRA contributions are not tax-deductible.

You don't need a lot of money to open an IRA. Either type of IRA can be opened with as little as $5 and provides a simple way for members to save towards their retirement. What's more, you can set up automatic transfers to make saving easy and painless!

Dupaco offers several options for members interested in establishing an IRA:

Visit any branch location and work with a Dupaco Member Service Representative to open an IRA. There is no maintenance fee on a Dupaco IRA and because we’re a credit union our rates are among the area’s best.
Schedule an appointment with Dupaco Financial Services*. A financial planner will look at your overall investment goals and strategies to help you choose the right investment vehicle. This service is free to our members, and there is no obligation.
Use our online IRA Service Center to print documents needed open an IRA. Contributions may also be made to existing IRAs through the IRA Service Center.

Putting your money to work for you through the right mix of investments and guidance, now that's a decision that's right on the money!

*Securities offered through LPL Financial and its affiliates, Member FINRA/SIPC. LPL Financial and Dupaco Community Credit Union and its subsidiary, Dupaco Financial Services, Inc., are not affiliated. Mutual funds, annuities, and other investments: are not deposits; are not insured by the NCUA or any other regulatory agency; are not obligations of, or guaranteed by Dupaco Community Credit Union or any other affiliated entity; are subject to investment risks, including possible loss of the principal amount invested.