IRAs

 
 
 

Plan for Your Future with an IRA

An Individual Retirement Account (IRA) is one of the smartest ways to save for retirement. At Dillon Credit Union, we offer Traditional and Roth IRAs to fit your financial goals with no sign-up or maintenance fees!

Changing jobs or retiring? Roll your qualified retirement plan funds into an IRA and maintain your tax-deferred status!

Plus, every IRA account is insured separately by the NCUA for your peace of mind.

Start planning for your future today!

Email or call Amanda today at 620-669-8500 to see which IRA is right for you!

Which IRA is Right for You?

Use our Roth vs. Traditional IRA Calculator to compare options and find the best fit for your retirement plan.
(Note: This calculator is not for Roth 401(k) comparisons.)

Click here to use our Roth IRA vs Regular IRA Calculator 

Roth IRA

  • Tax-Free Withdrawals: Contributions are not tax-deductible, but qualified withdrawals—including earnings—are tax-free.

  • Eligibility: You can contribute if you earn compensation or file jointly with a spouse who does, and your income meets IRS limits.

Traditional IRA

  • Tax Advantages: Contributions may be tax-deductible, and earnings grow tax-deferred.

  • Withdrawals: Taxed as income; early withdrawals before age 59½ may incur a 10% penalty unless exceptions apply.

  • Required Minimum Distributions: Begin at age 73.

Contribution Limits for 2025

  • Annual Limit: $7,000

  • Catch-Up (Age 50+): $1,000
    (That’s up to $8,000 total!)

✅ Tip: Consult a tax advisor to determine which IRA works best for you.
Ready to start saving smarter? [Open Your IRA Today!]

Investment & Savings Rates